Asset Entities Inc. (NASDAQ:ASST) Short Interest Up 286.6% in July

Asset Entities Inc. (NASDAQ:ASST) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 115,600 shares, an increase of 286.6% from the July 15th total of 29,900 shares. Based on an average trading volume of 244,800 shares, the short-interest ratio is currently 0.5 days. Currently, 11.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Asset Entities

An institutional investor recently bought a new position in Asset Entities stock. Symmetry Peak Management LLC acquired a new stake in shares of Asset Entities Inc. (NASDAQ:ASST) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 60,961 shares of the company’s stock, valued at approximately $39,000. Symmetry Peak Management LLC owned approximately 0.44% of Asset Entities as of its most recent filing with the SEC. 5.52% of the stock is currently owned by institutional investors.

Asset Entities Price Performance

Shares of NASDAQ ASST traded down $0.02 during trading on Wednesday, reaching $0.97. 6,263 shares of the stock traded hands, compared to its average volume of 166,998. The company has a 50-day moving average of $1.69 and a 200-day moving average of $2.20. Asset Entities has a 52-week low of $0.87 and a 52-week high of $5.30. The stock has a market capitalization of $2.90 million, a P/E ratio of -0.51 and a beta of 8.38.

Asset Entities (NASDAQ:ASST) last posted its earnings results on Wednesday, May 15th. The company reported ($0.50) earnings per share for the quarter. Asset Entities had a negative net margin of 1,538.71% and a negative return on equity of 153.10%. The company had revenue of $0.13 million for the quarter.

About Asset Entities

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.