Alset Inc. (NASDAQ:AEI) Short Interest Down 25.4% in October

Alset Inc. (NASDAQ:AEI) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 14,400 shares, a drop of 25.4% from the September 30th total of 19,300 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 40,300 shares, the days-to-cover ratio is currently 0.4 days.

Insider Activity at Alset

In other Alset news, CEO Heng Fai Ambrose Chan bought 6,034,537 shares of the stock in a transaction dated Tuesday, September 24th. The stock was bought at an average cost of $0.63 per share, for a total transaction of $3,801,758.31. Following the completion of the purchase, the chief executive officer now directly owns 19,264,692 shares of the company’s stock, valued at approximately $12,136,755.96. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders have purchased 6,074,817 shares of company stock worth $3,842,684. 53.52% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Alset

An institutional investor recently bought a new position in Alset stock. StoneX Group Inc. bought a new stake in shares of Alset Inc. (NASDAQ:AEI) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 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. 2.74% of the stock is currently owned by institutional investors and hedge funds.

Alset Trading Down 5.6 %

AEI stock opened at $1.69 on Monday. The firm has a 50 day simple moving average of $1.32 and a 200-day simple moving average of $1.08. The company has a market capitalization of $15.61 million, a P/E ratio of -0.25 and a beta of 1.28. Alset has a twelve month low of $0.46 and a twelve month high of $2.05.

Alset (NASDAQ:AEI) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.13) EPS for the quarter. The company had revenue of $1.13 million for the quarter. Alset had a negative net margin of 620.33% and a negative return on equity of 56.77%.

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.