Great Elm Group, Inc. (NASDAQ:GEG) Sees Significant Drop in Short Interest

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

Great Elm Group Price Performance

GEG traded down $0.01 during trading on Monday, reaching $1.90. 1,748 shares of the company traded hands, compared to its average volume of 31,322. The company has a market cap of $53.71 million, a P/E ratio of -189,500.00 and a beta of 0.75. The company has a debt-to-equity ratio of 0.89, a quick ratio of 30.34 and a current ratio of 30.34. Great Elm Group has a 12-month low of $1.70 and a 12-month high of $2.04. The firm has a fifty day simple moving average of $1.90 and a 200 day simple moving average of $1.84.

Great Elm Group (NASDAQ:GEG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.04 EPS 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 Trading of Great Elm Group

An institutional investor recently bought a new position in Great Elm Group stock. Ballentine Partners LLC purchased a new stake in shares of Great Elm Group, Inc. (NASDAQ:GEG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 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 SEC filing. 52.83% of the stock is owned by 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.