Short Interest in Great Elm Group, Inc. (NASDAQ:GEG) Rises By 58.6%

Key Points

• Short interest in Great Elm Group, Inc. increased by 58.6%, reaching a total of 9,200 shares by July 15th, compared to 5,800 shares on June 30th.
• The company's stock opened at $2.17, with a market capitalization of $60.63 million and a PE ratio of -31.00.
• Great Elm Group reported a negative earnings per share of ($0.17) for the most recent quarter, missing the consensus estimate by ($0.50).

Great Elm Group, Inc. (NASDAQ:GEG - Get Free Report) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 9,200 shares, agrowthof58.6% from the June 30th total of 5,800 shares. Currently,0.0% of the shares of the company are sold short. Based on an average daily volume of 11,300 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 11,300 shares, the days-to-cover ratio is currently 0.8 days. Currently,0.0% of the shares of the company are sold short.

Great Elm Group Stock Performance

Shares of NASDAQ:GEG traded down $0.04 during mid-day trading on Monday, reaching $2.11. The company had a trading volume of 1,155 shares, compared to its average volume of 14,176. The company has a current ratio of 16.21, a quick ratio of 16.21 and a debt-to-equity ratio of 0.95. The firm has a market cap of $58.93 million, a price-to-earnings ratio of -30.13 and a beta of 0.74. The company's 50-day moving average price is $2.14 and its 200-day moving average price is $1.99. Great Elm Group has a one year low of $1.70 and a one year high of $2.33.

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.