Great Elm Group, Inc. (NASDAQ:GEG) Sees Significant Decline in Short Interest

Key Points

• Great Elm Group, Inc. saw its short interest decrease by 33.7% in August, totaling 6,900 shares as of August 15th, down from 10,400 shares at the end of July.
• The company's stock price is currently $2.75 with a market cap of $79.74 million, and it reported earnings of $0.02 per share on revenues of $5.61 million for the last quarter.
• Great Elm Group operates in various sectors, including credit and real estate, and was formerly known as Great Elm Capital Group, Inc.

Great Elm Group, Inc. (NASDAQ:GEG - Get Free Report) was the target of a large decrease in short interest during the month of August. As of August 15th, there was short interest totaling 6,900 shares, a decrease of 33.7% from the July 31st total of 10,400 shares. Based on an average daily volume of 9,000 shares, the short-interest ratio is currently 0.8 days. Currently, 0.0% of the company's shares are short sold. Currently, 0.0% of the company's shares are short sold. Based on an average daily volume of 9,000 shares, the short-interest ratio is currently 0.8 days.

Great Elm Group Trading Up 0.4%

Shares of Great Elm Group stock traded up $0.01 during trading hours on Friday, hitting $2.85. The company's stock had a trading volume of 58,259 shares, compared to its average volume of 116,116. The firm has a fifty day moving average of $2.29 and a 200-day moving average of $2.09. Great Elm Group has a twelve month low of $1.70 and a twelve month high of $3.51. The company has a debt-to-equity ratio of 0.76, a quick ratio of 14.34 and a current ratio of 14.34. The stock has a market cap of $82.65 million, a price-to-earnings ratio of 8.91 and a beta of 0.78.

Great Elm Group (NASDAQ:GEG - Get Free Report) last posted its earnings results on Tuesday, September 2nd. The company reported $0.02 earnings per share (EPS) for the quarter. Great Elm Group had a negative return on equity of 0.20% and a net margin of 79.01%.The firm had revenue of $5.61 million for the quarter.

Great Elm Group Company Profile

Great Elm Group, Inc operates as a asset management company. The company engages in credit, real estate, and finance businesses. It is also involved in business development related activities and offers investment management services. The company was formerly known as Great Elm Capital Group, Inc and changed its name to Great Elm Group, Inc in December 2020.