Short Interest in Great Elm Group, Inc. (NASDAQ:GEG) Increases 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) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 9,200 shares, anincreaseof58.6% from the June 30th total of 5,800 shares. Based on an average daily trading volume, of 11,300 shares, the short-interest ratio is currently 0.8 days. Currently,0.0% of the company's stock are short sold. Currently,0.0% of the company's stock are short sold. Based on an average daily trading volume, of 11,300 shares, the short-interest ratio is currently 0.8 days.

Great Elm Group Trading Up 0.9%

NASDAQ GEG opened at $2.17 on Thursday. The company has a quick ratio of 16.21, a current ratio of 16.21 and a debt-to-equity ratio of 0.95. Great Elm Group has a 52 week low of $1.70 and a 52 week high of $2.33. The stock has a market capitalization of $60.63 million, a PE ratio of -31.00 and a beta of 0.74. The firm has a 50 day moving average of $2.13 and a two-hundred day moving average of $1.98.

Great Elm Group (NASDAQ:GEG - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.50). Great Elm Group had a negative net margin of 6.42% and a negative return on equity of 1.82%. The company had revenue of $3.21 million during the quarter.

About Great Elm Group

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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