Great Elm Group, Inc. (NASDAQ:GEG) sees significant decline in short-term interest

Great Elm Group, Inc. (NASDAQ:GEG) was the target of a significant decline in short-term interest in December. As of December 31, there was short interest totaling 6,700 shares, a decrease of 64.4% from the total of 18,800 shares as of December 15. Based on an average daily volume of 90,900 shares, the short interest rate is currently 0.1 day. Currently, 0.0% of the shares of the stock are sold short.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in Great Elm Group shares by 9.6% in the third quarter. BlackRock Inc. now owns 340,669 shares of the company worth $764,000 after purchasing an additional 29,788 shares last quarter. Russell Investments Group Ltd. acquired a new stake in Great Elm Group during the third quarter valued at approximately $363,000. Trellus Management Company LLC increased its position in Great Elm Group by 57.9% during the third quarter. Trellus Management Company LLC now owns 299,049 shares of the company worth $670,000 after purchasing an additional 109,692 shares in the last quarter. Morgan Stanley increased its position in Great Elm Group by 27.8% during the second quarter. Morgan Stanley now owns 48,228 shares of the company worth $108,000 after buying 10,500 more shares in the last quarter. Finally, Northern Right Capital Management LP increased its position in Great Elm Group by 6.8% during the second quarter. Northern Right Capital Management LP now owns 2,567,084 shares of the company worth $5,776,000 after purchasing an additional 164,292 shares in the last quarter. 49.68% of the shares are currently held by hedge funds and other institutional investors.

NASDAQ: GEG opened at $2.15 on Friday. The company’s 50-day moving average price is $1.97 and its 200-day moving average price is $2.16. The company has a debt ratio of 0.62, a current ratio of 2.80 and a quick ratio of 2.76. Great Elm Group has a 12-month low of $1.72 and a 12-month high of $4.85.

(A d)

Lithium is the undisputed fuel of the green energy revolution. A little-known small-cap lithium mining company in a renowned South American location has begun to attract interest from opportunity-minded investors.

Great Elm Group Inc (NASDAQ:GEG) last released its quarterly results on Thursday, November 11. The company reported ($0.01) earnings per share for the quarter, missing Thomson Reuters consensus estimate of $0.10 per ($0.11). The company had revenue of $16.54 million in the quarter. Great Elm Group posted a negative return on equity of 5.69% and a negative net margin of 7.01%.

Great Elm Group Company Profile

Great Elm Group, Inc operates as a holding company. It provides investment management and property management services. The company was founded in January 1994 and is based in Waltham, MA.

Should you invest $1,000 in Great Elm Group right now?

Before you consider Great Elm Group, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market ripples…and Great Elm Group didn’t make the list.

While Great Elm Group currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here