Short Interest in Great Elm Group, Inc. (NASDAQ:GEG) Drops By 63.4%

Great Elm Group, Inc. (NASDAQ:GEG - Get Free Report) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totalling 3,400 shares, a decrease of 63.4% from the April 15th total of 9,300 shares. Approximately 0.0% of the company's stock are sold short. Based on an average daily volume of 10,000 shares, the short-interest ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

Separately, TheStreet lowered shares of Great Elm Group from a "c" rating to a "d" rating in a research note on Tuesday, February 13th.

Great Elm Group Stock Up 1.6 %

NASDAQ:GEG traded up $0.03 during trading hours on Friday, reaching $1.89. The company had a trading volume of 20,085 shares, compared to its average volume of 6,362. The company has a current ratio of 12.44, a quick ratio of 19.51 and a debt-to-equity ratio of 0.89. The firm's 50 day moving average price is $1.92 and its 200-day moving average price is $1.92. Great Elm Group has a 52 week low of $1.59 and a 52 week high of $2.30.

Great Elm Group (NASDAQ:GEG - Get Free Report) last posted its earnings results on Tuesday, February 13th. The company reported ($0.01) earnings per share for the quarter. Great Elm Group had a negative net margin of 48.75% and a negative return on equity of 8.39%. The firm had revenue of $2.82 million during the quarter.

Insider Buying and Selling

In other Great Elm Group news, insider Jason W. Reese acquired 16,200 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The shares were acquired at an average price of $1.94 per share, with a total value of $31,428.00. Following the completion of the purchase, the insider now directly owns 6,318,549 shares of the company's stock, valued at approximately $12,257,985.06. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Great Elm Group news, insider Jason W. Reese bought 16,200 shares of the business's stock in a transaction on Wednesday, March 13th. The shares were acquired at an average cost of $1.94 per share, for a total transaction of $31,428.00. Following the purchase, the insider now owns 6,318,549 shares in the company, valued at approximately $12,257,985.06. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jason W. Reese purchased 120,000 shares of the firm's stock in a transaction dated Tuesday, February 27th. The stock was acquired at an average price of $1.92 per share, with a total value of $230,400.00. Following the purchase, the insider now directly owns 6,280,346 shares of the company's stock, valued at $12,058,264.32. The disclosure for this purchase can be found here. Insiders have bought a total of 169,701 shares of company stock valued at $327,681 over the last ninety days. Company insiders own 43.40% of the company's stock.

Hedge Funds Weigh In On Great Elm Group

A number of institutional investors and hedge funds have recently made changes to their positions in GEG. Oppenheimer Asset Management Inc. increased its stake in shares of Great Elm Group by 31.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 50,868 shares of the company's stock worth $98,000 after purchasing an additional 12,265 shares in the last quarter. Kingdon Capital Management L.L.C. increased its position in Great Elm Group by 0.7% in the fourth quarter. Kingdon Capital Management L.L.C. now owns 1,388,907 shares of the company's stock worth $2,694,000 after buying an additional 9,858 shares in the last quarter. Clayton Partners LLC increased its position in Great Elm Group by 7.5% in the fourth quarter. Clayton Partners LLC now owns 348,994 shares of the company's stock worth $677,000 after buying an additional 24,204 shares in the last quarter. Finally, Cove Street Capital LLC raised its stake in shares of Great Elm Group by 1.3% in the fourth quarter. Cove Street Capital LLC now owns 1,021,646 shares of the company's stock worth $1,982,000 after buying an additional 13,200 shares during the period. Hedge funds and other institutional investors own 52.83% of the company's stock.

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.