Short Interest in Great Elm Capital Group Inc (NASDAQ:GEC) Expands By 31.8%

Great Elm Capital Group Inc (NASDAQ:GEC) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totalling 26,100 shares, a growth of 31.8% from the August 31st total of 19,800 shares. Based on an average trading volume of 9,400 shares, the short-interest ratio is currently 2.8 days. Currently, 0.1% of the company’s stock are short sold.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new position in Great Elm Capital Group during the second quarter worth approximately $235,000. Wells Fargo & Company MN increased its position in Great Elm Capital Group by 49.2% during the first quarter. Wells Fargo & Company MN now owns 26,957 shares of the software maker’s stock worth $50,000 after buying an additional 8,887 shares during the last quarter. Morgan Stanley increased its position in Great Elm Capital Group by 30.0% during the first quarter. Morgan Stanley now owns 37,720 shares of the software maker’s stock worth $70,000 after buying an additional 8,702 shares during the last quarter. Monarch Partners Asset Management LLC increased its position in Great Elm Capital Group by 8.3% during the second quarter. Monarch Partners Asset Management LLC now owns 380,053 shares of the software maker’s stock worth $886,000 after buying an additional 29,078 shares during the last quarter. Finally, Cove Street Capital LLC increased its position in Great Elm Capital Group by 0.8% during the second quarter. Cove Street Capital LLC now owns 1,728,274 shares of the software maker’s stock worth $4,027,000 after buying an additional 14,176 shares during the last quarter. Institutional investors and hedge funds own 46.39% of the company’s stock.

GEC traded down $0.04 on Thursday, hitting $2.32. 2,381 shares of the company were exchanged, compared to its average volume of 27,905. Great Elm Capital Group has a 12 month low of $1.31 and a 12 month high of $3.74. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.94 and a current ratio of 2.00. The stock’s fifty day moving average is $2.47 and its 200-day moving average is $2.25.

Great Elm Capital Group Company Profile

Great Elm Capital Group, Inc, through its subsidiaries, engages in investment management and real estate property rental businesses. It provides investment advisory services. The company was formerly known as Unwired Planet, Inc and changed its name to Great Elm Capital Group, Inc in June 2016. Great Elm Capital Group, Inc was founded in 1994 and is headquartered in Waltham, Massachusetts.

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