Alset Inc. (NASDAQ:AEI) Sees Significant Growth in Short Interest

Alset Inc. (NASDAQ:AEI) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 104,100 shares, a growth of 1,201.3% from the December 31st total of 8,000 shares. Based on an average trading volume of 869,100 shares, the short-interest ratio is presently 0.1 days. Approximately 2.9% of the shares of the company are short sold.

Insider Buying and Selling at Alset

In related news, Director Heng Fai Ambrose Chan bought 205,149 shares of Alset stock in a transaction that occurred on Tuesday, December 10th. The stock was acquired at an average price of $0.97 per share, for a total transaction of $198,994.53. Following the completion of the purchase, the director now owns 1,184,475 shares in the company, valued at approximately $1,148,940.75. This represents a 20.95 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders bought 5,966,913 shares of company stock worth $3,826,494 over the last ninety days. Company insiders own 66.70% of the company’s stock.

Alset Trading Down 5.9 %

NASDAQ AEI opened at $0.89 on Wednesday. The firm has a market cap of $8.23 million, a price-to-earnings ratio of -0.21 and a beta of 1.29. The company has a 50 day moving average of $1.03 and a 200-day moving average of $1.18. Alset has a 1-year low of $0.46 and a 1-year high of $2.61.

Alset Company Profile

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.