Alset Inc. (NASDAQ:AEI) Short Interest Update

Alset Inc. (NASDAQ:AEI) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 104,100 shares, a growth of 1,201.3% from the December 15th total of 8,000 shares. Based on an average trading volume of 869,100 shares, the short-interest ratio is currently 0.1 days. Approximately 2.9% of the company’s stock are short sold.

Alset Price Performance

Shares of AEI stock opened at $0.85 on Tuesday. The firm has a fifty day moving average of $1.12 and a two-hundred day moving average of $1.22. The firm has a market cap of $7.89 million, a P/E ratio of -0.20 and a beta of 1.29. Alset has a 1-year low of $0.46 and a 1-year high of $2.61.

Insider Activity

In other Alset news, Director Heng Fai Ambrose Chan bought 4,411,764 shares of Alset stock in a transaction dated Monday, November 25th. The stock was bought at an average cost of $0.68 per share, for a total transaction of $2,999,999.52. Following the purchase, the director now owns 11,387,954 shares in the company, valued at $7,743,808.72. This represents a 63.24 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders acquired 5,916,913 shares of company stock worth $3,783,994 over the last ninety days. Corporate insiders own 66.70% of the company’s stock.

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.