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

Alset Inc. (NASDAQ:AEI) saw a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 124,300 shares, a decrease of 26.6% from the February 28th total of 169,300 shares. Approximately 2.9% of the company’s shares are sold short. Based on an average daily volume of 959,800 shares, the days-to-cover ratio is currently 0.1 days.

Insider Buying and Selling

In related news, CEO Heng Fai Ambrose Chan acquired 141,060 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The stock was bought at an average price of $0.99 per share, for a total transaction of $139,649.40. Following the acquisition, the chief executive officer now directly owns 6,179,498 shares of the company’s stock, valued at $6,117,703.02. This represents a 2.34 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have bought 311,304 shares of company stock valued at $296,810 in the last ninety days. 62.10% of the stock is owned by company insiders.

Alset Trading Up 4.3 %

AEI opened at $1.03 on Friday. The company has a market capitalization of $11.06 million, a price-to-earnings ratio of -0.24 and a beta of 1.24. Alset has a 12-month low of $0.46 and a 12-month high of $2.61. The business’s fifty day simple moving average is $0.94 and its 200-day simple moving average is $1.13.

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.