Great Elm Group, Inc. (NASDAQ:GEG) Short Interest Down 10.6% in December

Great Elm Group, Inc. (NASDAQ:GEG) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 47,900 shares, a decline of 10.6% from the November 30th total of 53,600 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 43,500 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Investors Weigh In On Great Elm Group

An institutional investor recently raised its position in Great Elm Group stock. Clayton Partners LLC raised its position in Great Elm Group, Inc. (NASDAQ:GEG) by 32.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 476,929 shares of the company’s stock after purchasing an additional 116,685 shares during the period. Clayton Partners LLC owned about 1.50% of Great Elm Group worth $858,000 at the end of the most recent reporting period. 52.83% of the stock is owned by institutional investors.

Great Elm Group Price Performance

Shares of Great Elm Group stock traded up $0.01 on Wednesday, hitting $1.81. The company’s stock had a trading volume of 36,637 shares, compared to its average volume of 28,711. The company has a market capitalization of $53.84 million, a P/E ratio of -36.19 and a beta of 1.00. Great Elm Group has a 52-week low of $1.70 and a 52-week high of $2.12. The firm has a fifty day moving average price of $1.80 and a 200-day moving average price of $1.81. The company has a quick ratio of 32.43, a current ratio of 32.43 and a debt-to-equity ratio of 0.85.

Great Elm Group (NASDAQ:GEG) last announced its quarterly earnings results on Monday, November 11th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.26). Great Elm Group had a negative net margin of 6.90% and a negative return on equity of 1.77%. The business had revenue of $3.99 million during the quarter.

Great Elm Group Company Profile

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.