Alset Inc. (NASDAQ:AEI) Sees Large Drop in Short Interest

Alset Inc. (NASDAQ:AEI) saw a significant decline in short interest in June. As of June 15th, there was short interest totalling 65,200 shares, a decline of 58.6% from the May 31st total of 157,300 shares. Currently, 2.0% of the shares of the stock are sold short. Based on an average daily volume of 129,800 shares, the days-to-cover ratio is currently 0.5 days.

Alset Stock Performance

NASDAQ:AEI opened at $1.66 on Friday. The firm has a market cap of $15.33 million, a PE ratio of -0.25 and a beta of 1.05. Alset has a fifty-two week low of $0.46 and a fifty-two week high of $2.05. The business has a 50 day moving average price of $0.85 and a 200-day moving average price of $0.92.

Alset (NASDAQ:AEI) last released its quarterly earnings data on Wednesday, May 15th. The company reported ($0.73) earnings per share for the quarter. The company had revenue of $6.09 million for the quarter. Alset had a negative net margin of 227.02% and a negative return on equity of 54.24%.

Insider Transactions at Alset

In other news, CEO Heng Fai Ambrose Chan bought 456,488 shares of the business’s stock in a transaction on Friday, May 24th. The stock was acquired at an average price of $0.68 per share, with a total value of $310,411.84. Following the completion of the purchase, the chief executive officer now directly owns 5,080,306 shares in the company, valued at $3,454,608.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders acquired 709,516 shares of company stock valued at $563,541. 53.52% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Alset

A hedge fund recently bought a new stake in Alset stock. StoneX Group Inc. bought a new stake in shares of Alset Inc. (NASDAQ:AEI) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 277,001 shares of the company’s stock, valued at approximately $193,000. StoneX Group Inc. owned approximately 3.00% of Alset as of its most recent SEC filing. 2.74% of the stock is currently owned by institutional investors and hedge funds.

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.