Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) Sees Significant Decline in Short Interest

Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGLGet Free Report) was the recipient of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 200 shares, a decline of 60.0% from the May 15th total of 500 shares. Based on an average trading volume of 2,200 shares, the days-to-cover ratio is presently 0.1 days.

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

Shares of GEGGL stock traded up $0.19 on Wednesday, hitting $22.85. The stock had a trading volume of 701 shares, compared to its average volume of 2,709. Great Elm Group, Inc. 7.25% Notes due 2027 has a 12-month low of $20.09 and a 12-month high of $24.29. The business has a 50 day moving average of $22.48 and a 200 day moving average of $21.96.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 30th. Shareholders of record on Saturday, June 15th will be paid a $0.4582 dividend. This represents a $1.83 dividend on an annualized basis and a yield of 8.02%. The ex-dividend date is Friday, June 14th. This is an increase from Great Elm Group, Inc. 7.25% Notes due 2027’s previous quarterly dividend of $0.45.

Great Elm Group, Inc. 7.25% Notes due 2027 Company Profile

(Get Free Report)

the great elm capital management (“gecm”) investment team has deep experience investing in leveraged middle market companies. the gecm team has deployed more than $17 billion into credit investments in more than 550 issuers across 20+ jurisdictions over its 14-year history under mast capital management, llc (“mast”).

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