AlTi Global, Inc. (NASDAQ:ALTI) Short Interest Update

AlTi Global, Inc. (NASDAQ:ALTI) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,110,000 shares, an increase of 30.3% from the February 28th total of 851,800 shares. Approximately 2.1% of the company’s shares are short sold. Based on an average daily trading volume, of 109,800 shares, the days-to-cover ratio is presently 10.1 days.

AlTi Global Stock Performance

NASDAQ ALTI opened at $3.16 on Wednesday. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 0.17. The company has a fifty day simple moving average of $3.43 and a 200 day simple moving average of $3.94. AlTi Global has a 12-month low of $2.33 and a 12-month high of $5.45. The company has a market cap of $449.48 million, a P/E ratio of -1.81 and a beta of 0.73.

AlTi Global (NASDAQ:ALTI) last released its earnings results on Thursday, March 13th. The basic materials company reported ($0.63) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.65). The firm had revenue of $53.33 million during the quarter, compared to analysts’ expectations of $74.60 million. AlTi Global had a positive return on equity of 2.31% and a negative net margin of 41.51%. During the same period in the prior year, the business earned ($0.88) earnings per share. Sell-side analysts predict that AlTi Global will post -0.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AlTi Global

Several institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets purchased a new position in shares of AlTi Global in the fourth quarter valued at about $25,000. Dimensional Fund Advisors LP bought a new stake in shares of AlTi Global during the fourth quarter valued at approximately $44,000. Intech Investment Management LLC purchased a new stake in shares of AlTi Global in the 4th quarter worth about $46,000. Invesco Ltd. bought a new position in shares of AlTi Global during the fourth quarter valued at approximately $46,000. Finally, Granite FO LLC increased its position in AlTi Global by 216.6% during the 4th quarter. Granite FO LLC now owns 15,830 shares of the basic materials company’s stock valued at $70,000 after buying an additional 10,830 shares in the last quarter. Institutional investors own 3.57% of the company’s stock.

AlTi Global Company Profile

AlTi Global, Inc provides wealth and asset management services individuals, families, foundations, and institutions in the United States, the United Kingdom, and internationally. It operates through two segments, Wealth Management and Strategic Alternatives. The company offers discretionary investment management, non-discretionary investment advisory, and investment management and advisory services.