Asset Entities Inc. (NASDAQ:ASST) Short Interest Update

Asset Entities Inc. (NASDAQ:ASST) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 16,200 shares, a decline of 81.6% from the September 15th total of 88,100 shares. Based on an average daily volume of 5,190,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 1.1% of the shares of the company are sold short.

Insiders Place Their Bets

In other news, major shareholder Jackson Fairbanks sold 10,866 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $2.31, for a total value of $25,100.46. Following the transaction, the insider now directly owns 21,734 shares of the company’s stock, valued at $50,205.54. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Jackson Fairbanks sold 10,866 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $2.31, for a total value of $25,100.46. Following the transaction, the insider now owns 21,734 shares of the company’s stock, valued at approximately $50,205.54. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Matthew Krueger sold 13,200 shares of Asset Entities stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $2.72, for a total value of $35,904.00. Following the sale, the chief financial officer now directly owns 26,400 shares of the company’s stock, valued at approximately $71,808. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 333,037 shares of company stock valued at $632,846 over the last ninety days. 60.31% of the stock is currently owned by company insiders.

Asset Entities Price Performance

Asset Entities stock opened at $1.06 on Friday. The firm has a market cap of $3.19 million, a PE ratio of -0.57 and a beta of 8.38. The stock’s fifty day moving average price is $1.47 and its two-hundred day moving average price is $1.85. Asset Entities has a one year low of $0.87 and a one year high of $5.10.

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

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.