Great Elm Group, Inc. (NASDAQ:GEG) Short Interest Down 51.0% in March

Great Elm Group, Inc. (NASDAQ:GEG) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 12,100 shares, a decrease of 51.0% from the March 15th total of 24,700 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 19,200 shares, the days-to-cover ratio is presently 0.6 days.

Great Elm Group Stock Performance

Shares of NASDAQ GEG remained flat at $1.90 during trading on Wednesday. 6,332 shares of the company’s stock were exchanged, compared to its average volume of 31,203. The business’s 50 day moving average is $1.90 and its 200 day moving average is $1.84. The company has a current ratio of 30.34, a quick ratio of 30.34 and a debt-to-equity ratio of 0.89. The stock has a market cap of $53.85 million, a PE ratio of -190,000.00 and a beta of 0.75. Great Elm Group has a one year low of $1.70 and a one year high of $2.04.

Great Elm Group (NASDAQ:GEG) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.30). Great Elm Group had a return on equity of 0.19% and a net margin of 0.71%.

Institutional Investors Weigh In On Great Elm Group

An institutional investor recently bought a new position in Great Elm Group stock. Ballentine Partners LLC acquired a new stake in shares of Great Elm Group, Inc. (NASDAQ:GEG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 40,000 shares of the company’s stock, valued at approximately $72,000. Ballentine Partners LLC owned approximately 0.13% of Great Elm Group as of its most recent filing with the Securities and Exchange Commission. 52.83% of the stock is currently owned by hedge funds and other institutional investors.

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.