Short Interest in Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) Declines By 42.7%

Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) was the target of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 2,887 shares, a decline of 42.7% from the July 30th total of 5,035 shares. Based on an average trading volume of 1,146 shares, the days-to-cover ratio is presently 2.5 days.

Great Elm Group, Inc. 7.25% Notes due 2027 Stock Down 0.8%

Shares of NASDAQ:GEGGL traded down $0.21 during mid-day trading on Monday, hitting $24.60. The stock had a trading volume of 1,371 shares, compared to its average volume of 2,598. The company’s 50 day moving average is $24.77 and its 200-day moving average is $24.64. Great Elm Group, Inc. 7.25% Notes due 2027 has a 12-month low of $21.55 and a 12-month high of $26.00.

Great Elm Group, Inc. 7.25% Notes due 2027 Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Tuesday, June 15th will be paid a dividend of $0.4481 per share. This represents a $1.79 annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend is Tuesday, June 15th.

About Great Elm Group, Inc. 7.25% Notes due 2027

Great Elm Group, Inc is a U.S.-based private equity firm and business consolidator focused on acquiring and growing lower middle-market companies. Through its holding company structure, Great Elm Group invests equity capital alongside management teams in established businesses across diverse industries, including business services, healthcare and wellness, industrial services, and consumer products. The company’s disciplined investment approach emphasizes cash-flow stability, operational improvement, and strategic add-on acquisitions.

In June 2022, Great Elm Group, Inc completed the issuance of its 7.25% Notes due 2027 (NASDAQ: GEGGL), a series of senior unsecured notes that bear interest at a fixed rate payable semiannually and mature in 2027.