Alset Inc. (NASDAQ:AEI) Short Interest Update

Alset Inc. (NASDAQ:AEI) was the target of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 161,900 shares, a decline of 18.4% from the January 15th total of 198,300 shares. Based on an average trading volume of 929,400 shares, the days-to-cover ratio is currently 0.2 days. Approximately 4.8% of the company’s stock are sold short.

Insider Activity at Alset

In related news, CEO Heng Fai Ambrose Chan purchased 141,060 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was acquired at an average cost of $0.99 per share, for a total transaction of $139,649.40. Following the completion of the purchase, the chief executive officer now owns 6,179,498 shares in the company, valued at approximately $6,117,703.02. This represents a 2.34 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have purchased 6,228,217 shares of company stock valued at $4,080,805. 66.70% of the stock is owned by insiders.

Alset Stock Performance

Shares of NASDAQ:AEI opened at $1.06 on Monday. Alset has a 52-week low of $0.46 and a 52-week high of $2.61. The company has a market capitalization of $9.79 million, a PE ratio of -0.24 and a beta of 1.27. The company has a fifty day moving average of $0.97 and a 200-day moving average of $1.16.

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.