Great Elm Capital Group, Inc. (NASDAQ:GECC) Short Interest Update

Great Elm Capital Group, Inc. (NASDAQ:GECC) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 345,331 shares, an increase of 57.4% from the January 29th total of 219,374 shares. Approximately 2.7% of the shares of the company are sold short. Based on an average daily trading volume, of 70,825 shares, the days-to-cover ratio is presently 4.9 days. Based on an average daily trading volume, of 70,825 shares, the days-to-cover ratio is presently 4.9 days. Approximately 2.7% of the shares of the company are sold short.

Great Elm Capital Group Price Performance

Great Elm Capital Group stock opened at $6.26 on Friday. Great Elm Capital Group has a 12 month low of $6.15 and a 12 month high of $11.45. The stock’s 50 day moving average is $6.84 and its 200-day moving average is $8.24. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $87.64 million, a price-to-earnings ratio of -11.18 and a beta of 0.62.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Squarepoint Ops LLC lifted its holdings in shares of Great Elm Capital Group by 247.9% during the fourth quarter. Squarepoint Ops LLC now owns 106,079 shares of the financial services provider’s stock worth $747,000 after buying an additional 75,588 shares in the last quarter. Papamarkou Wellner Asset Management inc. increased its position in Great Elm Capital Group by 54.9% during the fourth quarter. Papamarkou Wellner Asset Management inc. now owns 30,200 shares of the financial services provider’s stock worth $213,000 after acquiring an additional 10,700 shares during the period. Granby Capital Management LLC bought a new position in Great Elm Capital Group during the fourth quarter worth about $352,000. Crestwood Advisors Group LLC raised its stake in Great Elm Capital Group by 95.5% in the 3rd quarter. Crestwood Advisors Group LLC now owns 24,474 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 11,956 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in Great Elm Capital Group in the 4th quarter valued at about $220,000. 38.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GECC shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Great Elm Capital Group in a research report on Monday, December 29th. Janney Montgomery Scott dropped their price target on Great Elm Capital Group from $12.00 to $10.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Finally, Zacks Research raised shares of Great Elm Capital Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $10.50.

Great Elm Capital Group Company Profile

Great Elm Capital Group, Inc (NASDAQ: GECC) is a closed-end, externally managed business development company (BDC) that seeks to generate current income and capital appreciation by investing in private, middle-market companies. The firm targets senior secured loans, subordinated debt and equity securities of U.S. companies, with a focus on businesses offering stable cash flows and potential for growth. Industry sectors of interest include business services, consumer products, industrials and healthcare, among others.

GECC’s investment strategy emphasizes portfolio diversification and active management.