Asset Entities Inc. (NASDAQ:ASST) Short Interest Up 286.6% in July

Asset Entities Inc. (NASDAQ:ASST) saw a large increase in short interest in July. As of July 31st, there was short interest totalling 115,600 shares, an increase of 286.6% from the July 15th total of 29,900 shares. Currently, 11.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 244,800 shares, the short-interest ratio is currently 0.5 days.

Asset Entities Price Performance

NASDAQ ASST traded down $0.02 during mid-day trading on Wednesday, hitting $0.97. The stock had a trading volume of 6,263 shares, compared to its average volume of 166,998. The firm’s 50 day moving average is $1.69 and its 200 day moving average is $2.20. The stock has a market capitalization of $2.90 million, a price-to-earnings ratio of -0.51 and a beta of 8.38. Asset Entities has a twelve month low of $0.87 and a twelve month high of $5.30.

Asset Entities (NASDAQ:ASST) last issued its earnings results on Wednesday, May 15th. The company reported ($0.50) EPS for the quarter. The business had revenue of $0.13 million during the quarter. Asset Entities had a negative net margin of 1,538.71% and a negative return on equity of 153.10%.

Hedge Funds Weigh In On Asset Entities

An institutional investor recently bought a new position in Asset Entities stock. Symmetry Peak Management LLC purchased a new position in shares of Asset Entities Inc. (NASDAQ:ASST) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 60,961 shares of the company’s stock, valued at approximately $39,000. Symmetry Peak Management LLC owned 0.44% of Asset Entities at the end of the most recent quarter. 5.52% of the stock is owned by hedge funds and other institutional investors.

Asset Entities Company Profile

Asset Entities Inc, a technology company, provides social media marketing and content delivery services across Discord, TikTok, and other social media platforms. It designs, develops, and manages servers for communities on Discord. The company offers discord investment education, entertainment, and marketing services.