AlTi Global, Inc. (NASDAQ:ALTI) Short Interest Update

AlTi Global, Inc. (NASDAQ:ALTI) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 1,110,000 shares, an increase of 30.3% from the February 28th total of 851,800 shares. Based on an average daily volume of 109,800 shares, the days-to-cover ratio is presently 10.1 days. Currently, 2.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Allianz SE purchased a new stake in shares of AlTi Global in the fourth quarter worth about $85,581,000. Geode Capital Management LLC boosted its stake in AlTi Global by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,095,057 shares of the basic materials company’s stock valued at $4,831,000 after buying an additional 14,868 shares during the period. BOKF NA bought a new position in AlTi Global in the 4th quarter worth about $2,407,000. State Street Corp boosted its position in shares of AlTi Global by 5.6% during the 3rd quarter. State Street Corp now owns 540,213 shares of the basic materials company’s stock valued at $2,020,000 after acquiring an additional 28,689 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of AlTi Global by 8.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 467,415 shares of the basic materials company’s stock worth $2,061,000 after purchasing an additional 34,798 shares in the last quarter. Institutional investors own 3.57% of the company’s stock.

AlTi Global Price Performance

Shares of NASDAQ:ALTI opened at $3.04 on Monday. The company has a 50-day moving average price of $3.47 and a two-hundred day moving average price of $3.96. AlTi Global has a twelve month low of $2.33 and a twelve month high of $5.83. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $432.41 million, a PE ratio of -1.74 and a beta of 0.73.

AlTi Global (NASDAQ:ALTI) last released its quarterly earnings data on Thursday, March 13th. The basic materials company reported ($0.63) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.65). The business had revenue of $53.33 million during the quarter, compared to analysts’ expectations of $74.60 million. AlTi Global had a negative net margin of 41.51% and a positive return on equity of 2.31%. During the same quarter in the prior year, the firm posted ($0.88) earnings per share. Equities analysts forecast that AlTi Global will post -0.14 EPS for the current year.

About AlTi Global

AlTi Global, Inc provides wealth and asset management services individuals, families, foundations, and institutions in the United States, the United Kingdom, and internationally. It operates through two segments, Wealth Management and Strategic Alternatives. The company offers discretionary investment management, non-discretionary investment advisory, and investment management and advisory services.