Short Interest in Alset Inc. (NASDAQ:AEI) Increases By 232.8%

Alset Inc. (NASDAQ:AEI) saw a large growth in short interest in September. As of September 30th, there was short interest totalling 19,300 shares, a growth of 232.8% from the September 15th total of 5,800 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average trading volume of 39,100 shares, the short-interest ratio is presently 0.5 days.

Insider Activity

In related news, CEO Heng Fai Ambrose Chan acquired 6,034,537 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was bought 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 owns 19,264,692 shares in the company, valued at $12,136,755.96. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased 6,074,817 shares of company stock worth $3,842,684 in the last quarter. Corporate insiders own 53.52% of the company’s stock.

Hedge Funds Weigh In On Alset

An institutional investor recently bought a new position in Alset stock. StoneX Group Inc. acquired a new stake in Alset Inc. (NASDAQ:AEI) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 277,001 shares of the company’s stock, valued at approximately $193,000. StoneX Group Inc. owned approximately 3.00% of Alset at the end of the most recent reporting period. 2.74% of the stock is owned by hedge funds and other institutional investors.

Alset Stock Performance

Alset stock opened at $1.51 on Friday. The stock has a 50-day simple moving average of $1.17 and a 200 day simple moving average of $1.01. The stock has a market capitalization of $13.94 million, a P/E ratio of -0.22 and a beta of 1.28. Alset has a 52 week low of $0.46 and a 52 week 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. The company had revenue of $1.13 million for the quarter. Alset had a negative return on equity of 56.77% and a negative net margin of 620.33%.

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.