Alset Inc. (NASDAQ:AEI – Get Free Report) was the recipient of a large increase in short interest in August. As of August 15th, there was short interest totalling 26,000 shares, an increase of 134.2% from the July 31st total of 11,100 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average trading volume of 134,900 shares, the days-to-cover ratio is currently 0.2 days.
Alset Stock Down 4.7 %
AEI opened at $1.21 on Friday. The company has a market cap of $11.17 million, a P/E ratio of -0.18 and a beta of 1.26. The firm’s 50-day moving average price is $1.22 and its 200-day moving average price is $0.94. Alset has a 52-week low of $0.46 and a 52-week high of $2.05.
Insider Buying and Selling
In other Alset news, CEO Heng Fai Ambrose Chan purchased 42,149 shares of Alset stock in a transaction dated Monday, June 17th. The shares were acquired at an average cost of $1.15 per share, with a total value of $48,471.35. Following the completion of the transaction, the chief executive officer now owns 5,611,539 shares in the company, valued at approximately $6,453,269.85. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders bought a total of 214,103 shares of company stock worth $233,645 in the last 90 days. 53.52% of the stock is owned by corporate insiders.
Institutional Trading of Alset
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.
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