Great Elm Group, Inc. (NASDAQ:GEG - Get Free Report) was the recipient of a large decline in short interest in February. As of February 28th, there was short interest totalling 11,300 shares, a decline of 29.4% from the February 13th total of 16,000 shares. Currently, 0.1% of the company's stock are sold short. Based on an average daily trading volume, of 26,100 shares, the days-to-cover ratio is presently 0.4 days.
Institutional Trading of Great Elm Group
A hedge fund recently bought a new stake in Great Elm Group stock. Ballentine Partners LLC bought a new position in Great Elm Group, Inc. (NASDAQ:GEG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 40,000 shares of the company's stock, valued at approximately $72,000. Ballentine Partners LLC owned about 0.13% of Great Elm Group as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 52.83% of the company's stock.
Great Elm Group Stock Up 2.1 %
Shares of NASDAQ GEG traded up $0.04 during midday trading on Thursday, reaching $1.94. 6,008 shares of the company's stock were exchanged, compared to its average volume of 30,819. 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 52-week low of $1.70 and a 52-week high of $2.07. The business's fifty day moving average price is $1.86 and its two-hundred day moving average price is $1.84. The stock has a market capitalization of $54.98 million, a PE ratio of -194,000.00 and a beta of 1.01.
Great Elm Group (NASDAQ:GEG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.04 earnings per share (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%.
About Great Elm Group
(
Get Free Report)
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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