Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL – Get Free Report) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 840 shares, a drop of 80.8% from the December 15th total of 4,375 shares. Based on an average daily trading volume, of 2,379 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 2,379 shares, the days-to-cover ratio is presently 0.4 days.
Great Elm Group, Inc. 7.25% Notes due 2027 Trading Up 0.0%
Shares of GEGGL traded up $0.01 during mid-day trading on Tuesday, reaching $24.63. The company’s stock had a trading volume of 1,310 shares, compared to its average volume of 1,003. Great Elm Group, Inc. 7.25% Notes due 2027 has a 12-month low of $20.84 and a 12-month high of $25.50. The company’s 50 day moving average is $24.62 and its 200 day moving average is $24.31.
Great Elm Group, Inc. 7.25% Notes due 2027 Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 15th will be issued a $0.4481 dividend. This represents a $1.79 annualized dividend and a dividend 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.
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