Short Interest in Alset Inc. (NASDAQ:AEI) Declines By 9.7%

Alset Inc. (NASDAQ:AEI) was the recipient 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. Based on an average daily volume of 42,100 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.4% of the shares of the company are sold short.

Alset Trading Down 3.7 %

AEI opened at $1.04 on Friday. The stock’s 50 day simple moving average is $1.39 and its 200-day simple moving average is $1.16. The stock has a market cap of $9.60 million, a PE ratio of -0.24 and a beta of 1.26. Alset has a 1 year low of $0.46 and a 1 year high of $2.05.

Insiders Place Their Bets

In other Alset news, CEO Heng Fai Ambrose Chan bought 6,034,537 shares of the stock in a transaction on Tuesday, September 24th. The shares were purchased at an average price of $0.63 per share, with a total value of $3,801,758.31. Following the acquisition, the chief executive officer now directly owns 19,264,692 shares of the company’s stock, valued at $12,136,755.96. This represents a 45.61 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders purchased 6,067,404 shares of company stock valued at $3,836,013 over the last 90 days. 66.70% of the stock is currently owned by company insiders.

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.