Asset Entities Inc. (NASDAQ:ASST) Short Interest Update

Asset Entities Inc. (NASDAQ:ASST) was the target of a significant decrease in short interest in the month of August. As of August 15th, there was short interest totalling 66,500 shares, a decrease of 42.5% from the July 31st total of 115,600 shares. Based on an average daily volume of 1,870,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 5.8% of the company’s stock are short sold.

Asset Entities Stock Up 4.3 %

NASDAQ:ASST opened at $1.94 on Wednesday. The company’s 50 day moving average price is $1.46 and its 200-day moving average price is $2.07. Asset Entities has a 52 week low of $0.87 and a 52 week high of $5.10. The stock has a market cap of $5.84 million, a price-to-earnings ratio of -1.02 and a beta of 8.38.

Institutional Investors Weigh In On Asset Entities

A hedge fund recently bought a new stake in Asset Entities stock. Symmetry Peak Management LLC purchased a new stake in shares of Asset Entities Inc. (NASDAQ:ASST) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 60,961 shares of the company’s stock, valued at approximately $39,000. Symmetry Peak Management LLC owned about 0.44% of Asset Entities as of its most recent SEC filing. 5.52% of the stock is currently owned by institutional investors and hedge funds.

About Asset Entities

Asset Entities Inc, a technology company, provides social media marketing and content delivery services across Discord, TikTok, and other social media platforms. It designs, develops, and manages servers for communities on Discord. The company offers discord investment education, entertainment, and marketing services.