Asset Entities Inc. (NASDAQ:ASST) Sees Significant Decrease in Short Interest

Asset Entities Inc. (NASDAQ:ASST) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 55,300 shares, a drop of 91.0% from the December 31st total of 615,200 shares. Currently, 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 3,720,000 shares, the days-to-cover ratio is presently 0.0 days.

Asset Entities Stock Performance

ASST traded down $0.16 during trading on Tuesday, reaching $0.91. 2,805,932 shares of the company traded hands, compared to its average volume of 27,182,881. The company has a market cap of $7.93 million, a P/E ratio of -0.47 and a beta of 6.42. Asset Entities has a 12-month low of $0.34 and a 12-month high of $4.35. The firm has a fifty day simple moving average of $0.57 and a 200 day simple moving average of $1.05.

Asset Entities Company Profile

Asset Entities Inc, a technology company, provides social media marketing and content delivery services across Discord, TikTok, and other social media platforms. It designs, develops, and manages servers for communities on Discord. The company offers discord investment education, entertainment, and marketing services.