Short Interest in Alset Inc. (NASDAQ:AEI) Rises By 37.6%

Alset Inc. (NASDAQ:AEI) was the target of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 222,700 shares, an increase of 37.6% from the January 31st total of 161,900 shares. Based on an average daily volume of 962,600 shares, the days-to-cover ratio is presently 0.2 days. Approximately 5.2% of the shares of the company are sold short.

Insider Buying and Selling at Alset

In other Alset news, Director Heng Fai Ambrose Chan purchased 1,300,000 shares of Alset stock in a transaction on Tuesday, December 24th. The stock was bought at an average cost of $0.45 per share, with a total value of $585,000.00. Following the transaction, the director now owns 12,687,954 shares of the company’s stock, valued at $5,709,579.30. This represents a 11.42 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have bought 1,816,453 shares of company stock worth $1,080,805. 66.70% of the stock is currently owned by insiders.

Alset Price Performance

Shares of Alset stock opened at $0.85 on Wednesday. The stock has a market cap of $9.12 million, a PE ratio of -0.20 and a beta of 1.27. The firm has a fifty day moving average price of $0.97 and a 200 day moving average price of $1.16. Alset has a 1 year low of $0.46 and a 1 year high of $2.61.

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.