Asset Entities Inc. (NASDAQ:ASST) Short Interest Up 81.3% in October

Asset Entities Inc. (NASDAQ:ASST) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 23,200 shares, a growth of 81.3% from the October 15th total of 12,800 shares. Approximately 1.5% of the company’s shares are sold short. Based on an average daily trading volume, of 5,070,000 shares, the days-to-cover ratio is currently 0.0 days.

Insider Activity at Asset Entities

In related news, major shareholder Jackson Fairbanks sold 10,866 shares of Asset Entities stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $2.31, for a total transaction of $25,100.46. Following the completion of the sale, the insider now owns 21,734 shares in the company, valued at $50,205.54. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, major shareholder Jackson Fairbanks sold 10,866 shares of Asset Entities stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $2.31, for a total transaction of $25,100.46. Following the completion of the sale, the insider now owns 21,734 shares in the company, valued at $50,205.54. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Kyle Fairbanks sold 13,333 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $1.90, for a total transaction of $25,332.70. Following the completion of the sale, the chief marketing officer now owns 26,667 shares of the company’s stock, valued at approximately $50,667.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 333,037 shares of company stock worth $632,846 in the last 90 days. 56.47% of the stock is owned by corporate insiders.

Asset Entities Stock Down 3.5 %

Shares of Asset Entities stock opened at $0.77 on Wednesday. The firm’s 50 day moving average price is $1.32 and its 200-day moving average price is $1.60. Asset Entities has a 52-week low of $0.75 and a 52-week high of $5.10. The company has a market cap of $2.37 million, a P/E ratio of -0.39 and a beta of 8.36.

Asset Entities (NASDAQ:ASST) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.58) earnings per share (EPS) for the quarter. Asset Entities had a negative return on equity of 207.47% and a negative net margin of 1,574.65%. The firm had revenue of $0.09 million during the quarter.

About Asset Entities

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.