Alset Inc. (NASDAQ:AEI) Short Interest Update

Alset Inc. (NASDAQ:AEI) was the target of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 222,700 shares, an increase of 37.6% from the January 31st total of 161,900 shares. Based on an average daily trading volume, of 962,600 shares, the days-to-cover ratio is currently 0.2 days. Approximately 5.2% of the company’s stock are sold short.

Insider Buying and Selling at Alset

In other news, Director Heng Fai Ambrose Chan purchased 1,300,000 shares of the business’s stock in a transaction on Tuesday, December 24th. The shares were acquired at an average cost of $0.45 per share, with a total value of $585,000.00. Following the completion of the acquisition, the director now owns 12,687,954 shares of the company’s stock, valued at $5,709,579.30. This trade represents a 11.42 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders bought 1,816,453 shares of company stock valued at $1,080,805. 66.70% of the stock is currently owned by insiders.

Alset Price Performance

Shares of AEI stock opened at $0.85 on Wednesday. The stock’s fifty day moving average price is $0.97 and its 200 day moving average price is $1.16. Alset has a 1-year low of $0.46 and a 1-year high of $2.61. The company has a market cap of $9.12 million, a price-to-earnings ratio of -0.20 and a beta of 1.27.

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.