Alset Inc. (NASDAQ:AEI) Short Interest Update

Alset Inc. (NASDAQ:AEI) saw a significant growth in short interest in September. As of September 30th, there was short interest totalling 19,300 shares, a growth of 232.8% from the September 15th total of 5,800 shares. Based on an average daily volume of 39,100 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.6% of the shares of the stock are sold short.

Alset Price Performance

Shares of AEI opened at $1.48 on Friday. The company has a market capitalization of $13.67 million, a P/E ratio of -0.22 and a beta of 1.28. Alset has a one year low of $0.46 and a one year high of $2.05. The business’s 50 day simple moving average is $1.18 and its 200-day simple moving average is $1.01.

Alset (NASDAQ:AEI) last announced its earnings results on Tuesday, August 13th. The company reported ($0.13) EPS for the quarter. The business had revenue of $1.13 million during the quarter. Alset had a negative return on equity of 56.77% and a negative net margin of 620.33%.

Insider Buying and Selling at Alset

In related news, CEO Heng Fai Ambrose Chan acquired 6,034,537 shares of the firm’s stock in a transaction on Tuesday, September 24th. The shares were bought at an average cost of $0.63 per share, with a total value of $3,801,758.31. Following the completion of the acquisition, the chief executive officer now owns 19,264,692 shares of the company’s stock, valued at $12,136,755.96. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have purchased 6,074,817 shares of company stock valued at $3,842,684. 53.52% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Alset stock. StoneX Group Inc. acquired a new position in shares of Alset Inc. (NASDAQ:AEI) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 277,001 shares of the company’s stock, valued at approximately $193,000. StoneX Group Inc. owned about 3.00% of Alset at the end of the most recent quarter. Institutional investors and hedge funds own 2.74% of the company’s stock.

About Alset

Alset Inc engages in the real estate development, financial services, digital transformation technologies, biohealth activities, and consumer products businesses in the United States, Singapore, Hong Kong, Australia, and South Korea. It operates through four segments: Real Estate, Digital Transformation Technology, Biohealth, and Other Business Activities segments.