Short Interest in Alset Inc. (NASDAQ:AEI) Drops By 24.0%

Alset Inc. (NASDAQ:AEI) was the recipient of a significant decline in short interest in February. As of February 28th, there was short interest totalling 169,300 shares, a decline of 24.0% from the February 13th total of 222,700 shares. Based on an average daily trading volume, of 969,300 shares, the short-interest ratio is presently 0.2 days. Approximately 3.9% of the shares of the stock are short sold.

Insider Buying and Selling at Alset

In other news, CEO Heng Fai Ambrose Chan purchased 141,060 shares of Alset stock in a transaction on Thursday, February 6th. The shares were purchased at an average cost of $0.99 per share, for a total transaction of $139,649.40. Following the completion of the transaction, the chief executive officer now directly owns 6,179,498 shares in the company, valued at approximately $6,117,703.02. This represents a 2.34 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 1,611,304 shares of company stock worth $881,810 over the last ninety days. Corporate insiders own 62.10% of the company’s stock.

Alset Stock Up 2.3 %

NASDAQ:AEI opened at $0.88 on Tuesday. Alset has a 12 month low of $0.46 and a 12 month high of $2.61. The company’s 50-day moving average price is $0.93 and its two-hundred day moving average price is $1.14. The firm has a market cap of $9.45 million, a PE ratio of -0.20 and a beta of 1.24.

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.