Alset Inc. (NASDAQ:AEI) Short Interest Update

Alset Inc. (NASDAQ:AEI) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totalling 11,100 shares, a decrease of 63.4% from the July 15th total of 30,300 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 134,300 shares, the days-to-cover ratio is currently 0.1 days.

Insiders Place Their Bets

In related news, CEO Heng Fai Ambrose Chan purchased 456,488 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was bought at an average cost of $0.68 per share, with a total value of $310,411.84. Following the completion of the purchase, the chief executive officer now directly owns 5,080,306 shares in the company, valued at $3,454,608.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders purchased 709,516 shares of company stock worth $563,541. 53.52% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Alset

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

Alset Stock Performance

AEI stock opened at $0.91 on Thursday. The firm has a 50 day moving average price of $1.21 and a 200-day moving average price of $0.95. Alset has a 52-week low of $0.46 and a 52-week high of $2.05. The firm has a market capitalization of $8.40 million, a price-to-earnings ratio of -0.13 and a beta of 1.26.

Alset (NASDAQ:AEI) last issued its quarterly earnings results on Wednesday, May 15th. The company reported ($0.73) earnings per share for the quarter. The company had revenue of $6.09 million for the quarter. Alset had a negative net margin of 227.02% and a negative return on equity of 54.24%.

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.