Alset Inc. (NASDAQ:AEI) Sees Significant Drop in Short Interest

Alset Inc. (NASDAQ:AEI) was the recipient of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 13,000 shares, a decline of 9.7% from the October 15th total of 14,400 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 42,100 shares, the days-to-cover ratio is presently 0.3 days.

Insiders Place Their Bets

In related news, CEO Heng Fai Ambrose Chan purchased 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, with a total value of $3,801,758.31. Following the purchase, the chief executive officer now directly owns 19,264,692 shares in the company, valued at $12,136,755.96. The trade was a 45.61 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 66.70% of the company’s stock.

Alset Trading Up 1.9 %

AEI opened at $1.06 on Tuesday. Alset has a 1-year low of $0.46 and a 1-year high of $2.05. The stock’s fifty day simple moving average is $1.39 and its 200 day simple moving average is $1.17. The stock has a market cap of $9.79 million, a PE ratio of -0.24 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.