Short Interest in Asset Entities Inc. (NASDAQ:ASST) Declines By 21.0%

Asset Entities Inc. (NASDAQ:ASST) saw a large decline in short interest in October. As of October 15th, there was short interest totalling 12,800 shares, a decline of 21.0% from the September 30th total of 16,200 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,050,000 shares, the short-interest ratio is currently 0.0 days.

Insiders Place Their Bets

In other Asset Entities news, Chairman Michael Gaubert sold 179,683 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $1.97, for a total transaction of $353,975.51. Following the completion of the sale, the chairman now directly owns 76,723 shares in the company, valued at approximately $151,144.31. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Asset Entities news, Chairman Michael Gaubert sold 179,683 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $1.97, for a total transaction of $353,975.51. Following the completion of the sale, the chairman now directly owns 76,723 shares in the company, valued at approximately $151,144.31. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Matthew Krueger sold 76,723 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $1.55, for a total value of $118,920.65. Following the sale, the chief financial officer now owns 26,400 shares of the company’s stock, valued at approximately $40,920. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 333,037 shares of company stock worth $632,846. Corporate insiders own 60.31% of the company’s stock.

Asset Entities Trading Up 2.8 %

NASDAQ:ASST opened at $0.95 on Wednesday. The firm has a market cap of $2.85 million, a P/E ratio of -0.50 and a beta of 8.38. The stock has a 50 day moving average of $1.46 and a two-hundred day moving average of $1.67. Asset Entities has a 12 month low of $0.87 and a 12 month high of $5.10.

Asset Entities (NASDAQ:ASST) last issued its earnings results on Wednesday, August 14th. The company reported ($0.58) earnings per share for the quarter. The company had revenue of $0.09 million for the quarter. Asset Entities had a negative return on equity of 207.47% and a negative net margin of 1,574.65%.

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.