Short Interest in Great Elm Group, Inc. (NASDAQ:GEG) Decreases By 55.1%

Key Points

• Short interest in Great Elm Group, Inc. decreased by 55.1% in September, falling to 155,700 shares from 346,700 shares.
• The company reported a revenue of $5.61 million and an EPS of $0.02 for its most recent quarter.
• Analysts have a consensus rating of "Buy" for Great Elm Group, with Weiss Ratings restating a "buy (b-)" rating on October 8th.

Great Elm Group, Inc. (NASDAQ:GEG - Get Free Report) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 155,700 shares, a decline of 55.1% from the September 15th total of 346,700 shares. Based on an average daily volume of 307,300 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.8% of the company's stock are short sold. Approximately 0.8% of the company's stock are short sold. Based on an average daily volume of 307,300 shares, the days-to-cover ratio is currently 0.5 days.

Great Elm Group Stock Performance

NASDAQ:GEG traded up $0.02 during trading hours on Monday, reaching $2.50. The company had a trading volume of 15,950 shares, compared to its average volume of 110,560. The company has a debt-to-equity ratio of 0.76, a current ratio of 14.34 and a quick ratio of 14.34. Great Elm Group has a 1-year low of $1.70 and a 1-year high of $3.51. The business's 50 day moving average price is $2.54 and its 200-day moving average price is $2.22. The firm has a market cap of $72.49 million, a PE ratio of 7.81 and a beta of 0.77.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "buy (b-)" rating on shares of Great Elm Group in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy".

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.

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