Alset Inc. (NASDAQ:AEI) Short Interest Update

Alset Inc. (NASDAQ:AEI) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 13,000 shares, a decrease of 9.7% from the October 15th total of 14,400 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 42,100 shares, the days-to-cover ratio is currently 0.3 days.

Alset Stock Performance

NASDAQ AEI opened at $1.04 on Friday. The firm’s 50 day moving average price is $1.39 and its two-hundred day moving average price is $1.16. Alset has a twelve month low of $0.46 and a twelve month high of $2.05. The stock has a market cap of $9.60 million, a price-to-earnings ratio of -0.24 and a beta of 1.26.

Insider Activity

In related news, CEO Heng Fai Ambrose Chan acquired 6,034,537 shares of Alset stock in a transaction dated Tuesday, September 24th. The stock was acquired at an average cost of $0.63 per share, with a total value of $3,801,758.31. Following the purchase, the chief executive officer now directly owns 19,264,692 shares in the company, valued at $12,136,755.96. The trade was a 45.61 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders bought a total of 6,067,404 shares of company stock worth $3,836,013 over the last 90 days. 66.70% of the stock is currently owned by company insiders.

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.