Short Interest in Alset Inc. (NASDAQ:AEI) Expands By 471.4%

Alset Inc. (NASDAQ:AEI) was the target of a significant growth in short interest in November. As of November 30th, there was short interest totalling 8,000 shares, a growth of 471.4% from the November 15th total of 1,400 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 43,700 shares, the days-to-cover ratio is presently 0.2 days.

Alset Price Performance

Shares of AEI opened at $1.08 on Friday. The firm has a 50 day simple moving average of $1.37 and a two-hundred day simple moving average of $1.24. Alset has a one year low of $0.46 and a one year high of $2.05. The company has a market cap of $9.97 million, a P/E ratio of -0.25 and a beta of 1.24.

Insider Buying and Selling

In other news, Director Heng Fai Ambrose Chan bought 4,411,764 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was bought at an average cost of $0.68 per share, for a total transaction of $2,999,999.52. Following the transaction, the director now owns 11,387,954 shares of the company’s stock, valued at $7,743,808.72. This represents a 63.24 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased 10,651,450 shares of company stock valued at $7,000,752 over the last 90 days. 66.70% of the stock is owned by corporate 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.