Alset Inc. (NASDAQ:AEI) Short Interest Down 83.5% in August

Alset Inc. (NASDAQ:AEI) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 4,300 shares, a decrease of 83.5% from the August 15th total of 26,000 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 52,700 shares, the short-interest ratio is currently 0.1 days.

Alset Stock Performance

Shares of AEI opened at $1.10 on Friday. The company has a 50-day simple moving average of $1.12 and a 200-day simple moving average of $0.94. The firm has a market capitalization of $10.16 million, a P/E ratio of -0.16 and a beta of 1.27. Alset has a 52 week low of $0.46 and a 52 week high of $2.05.

Alset (NASDAQ:AEI) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($0.13) EPS for the quarter. Alset had a negative net margin of 620.33% and a negative return on equity of 56.77%. The company had revenue of $1.13 million for the quarter.

Insider Buying and Selling

In other Alset news, CEO Heng Fai Ambrose Chan acquired 42,149 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was purchased at an average cost of $1.15 per share, for a total transaction of $48,471.35. Following the completion of the acquisition, the chief executive officer now owns 5,611,539 shares of the company’s stock, valued at approximately $6,453,269.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders acquired 98,529 shares of company stock worth $108,859. Corporate insiders own 53.52% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Alset stock. StoneX Group Inc. bought a new stake in Alset Inc. (NASDAQ:AEI) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 277,001 shares of the company’s stock, valued at approximately $193,000. StoneX Group Inc. owned about 3.00% of Alset at the end of the most recent quarter. 2.74% of the stock is owned by institutional investors.

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.