Short Interest in Alset Inc. (NASDAQ:AEI) Drops By 18.4%

Alset Inc. (NASDAQ:AEI) was the recipient of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 161,900 shares, a drop of 18.4% from the January 15th total of 198,300 shares. Currently, 4.8% of the shares of the company are short sold. Based on an average daily trading volume, of 929,400 shares, the days-to-cover ratio is presently 0.2 days.

Alset Stock Performance

Shares of AEI stock opened at $1.06 on Friday. The stock has a fifty day simple moving average of $0.97 and a two-hundred day simple moving average of $1.16. The firm has a market capitalization of $9.79 million, a PE ratio of -0.24 and a beta of 1.27. Alset has a 52-week low of $0.46 and a 52-week high of $2.61.

Insider Transactions at Alset

In other news, Director Heng Fai Ambrose Chan acquired 205,149 shares of Alset stock in a transaction dated Tuesday, December 10th. The stock was purchased at an average cost of $0.97 per share, with a total value of $198,994.53. Following the completion of the purchase, the director now directly owns 1,184,475 shares in the company, valued at approximately $1,148,940.75. This trade represents a 20.95 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased 6,228,217 shares of company stock valued at $4,080,805 over the last quarter. 66.70% of the stock is currently owned by company insiders.

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.