Short Interest in Alset Inc. (NASDAQ:AEI) Expands By 34.9%

Alset Inc. (NASDAQ:AEI) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 5,800 shares, a growth of 34.9% from the August 31st total of 4,300 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 42,600 shares, the days-to-cover ratio is currently 0.1 days.

Insider Transactions at Alset

In related news, CEO Heng Fai Ambrose Chan purchased 6,034,537 shares of Alset stock in a transaction that occurred on Tuesday, September 24th. The shares were bought at an average price 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 of the company’s stock, valued at approximately $12,136,755.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders bought 6,074,817 shares of company stock worth $3,842,684. 53.52% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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

Alset Stock Performance

NASDAQ AEI opened at $1.50 on Friday. The company has a market capitalization of $13.85 million, a price-to-earnings ratio of -0.22 and a beta of 1.27. The company’s 50-day simple moving average is $1.10 and its two-hundred day simple moving average is $0.96. Alset has a one year low of $0.46 and a one year high of $2.05.

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

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.