Short Interest in Alset Inc. (NASDAQ:AEI) Decreases By 89.2%

Alset Inc. (NASDAQ:AEI) saw a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 1,400 shares, a decline of 89.2% from the October 31st total of 13,000 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 41,500 shares, the short-interest ratio is presently 0.0 days.

Insider Transactions at Alset

In other Alset news, Director Heng Fai Ambrose Chan bought 4,411,764 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were purchased at an average price of $0.68 per share, for a total transaction of $2,999,999.52. Following the transaction, the director now directly owns 11,387,954 shares in the company, valued at approximately $7,743,808.72. This trade represents a 63.24 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 66.70% of the stock is owned by company insiders.

Alset Trading Up 12.0 %

Shares of Alset stock opened at $1.21 on Friday. The company has a 50 day moving average of $1.40 and a 200-day moving average of $1.20. Alset has a 1-year low of $0.46 and a 1-year high of $2.05. The company has a market cap of $11.17 million, a PE ratio of -0.28 and a beta of 1.26.

Alset Company Profile

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.