Alset Inc. (NASDAQ:AEI – Get Free Report) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 104,100 shares, an increase of 1,201.3% from the December 31st total of 8,000 shares. Based on an average daily volume of 869,100 shares, the days-to-cover ratio is presently 0.1 days. Approximately 2.9% of the company’s shares are short sold.
Alset Trading Down 5.9 %
AEI opened at $0.89 on Wednesday. The stock has a market capitalization of $8.23 million, a P/E ratio of -0.21 and a beta of 1.29. Alset has a 12 month low of $0.46 and a 12 month high of $2.61. The firm’s fifty day simple moving average is $1.03 and its 200 day simple moving average is $1.18.
Insider Transactions at Alset
In related news, Director Heng Fai Ambrose Chan acquired 4,411,764 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were acquired at an average cost of $0.68 per share, with a total value of $2,999,999.52. Following the transaction, the director now owns 11,387,954 shares of the company’s stock, valued at $7,743,808.72. The trade was a 63.24 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought a total of 5,966,913 shares of company stock valued at $3,826,494 over the last three months. 66.70% of the stock is currently owned by corporate insiders.
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.
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