Great Elm Group, Inc. (NASDAQ:GEG) Short Interest Down 29.4% in February

Great Elm Group, Inc. (NASDAQ:GEG) was the recipient of a large decline in short interest in the month of 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. Based on an average trading volume of 26,100 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Great Elm Group

An institutional investor recently bought a new position in Great Elm Group stock. Ballentine Partners LLC purchased a new position in shares of Great Elm Group, Inc. (NASDAQ:GEG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period. Hedge funds and other institutional investors own 52.83% of the company’s stock.

Great Elm Group Stock Performance

GEG stock traded down $0.06 during trading on Tuesday, hitting $1.94. The company had a trading volume of 849 shares, compared to its average volume of 30,725. The firm has a market cap of $54.98 million, a PE ratio of -194,000.00 and a beta of 1.01. Great Elm Group has a 1-year low of $1.70 and a 1-year high of $2.10. The firm has a 50-day moving average price of $1.85 and a 200-day moving average price of $1.84. The company has a quick ratio of 30.34, a current ratio of 30.34 and a debt-to-equity ratio of 0.89.

Great Elm Group (NASDAQ:GEG) last issued its quarterly earnings results 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 net margin of 0.71% and a return on equity of 0.19%.

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.