Alset Inc. (NASDAQ:AEI) Short Interest Update

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

Insider Activity

In related news, Director Heng Fai Ambrose Chan purchased 205,149 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was purchased at an average price of $0.97 per share, with a total value of $198,994.53. Following the completion of the purchase, the director now owns 1,184,475 shares of the company’s stock, valued at approximately $1,148,940.75. The trade was a 20.95 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders have acquired 5,916,913 shares of company stock valued at $3,783,994. 66.70% of the stock is currently owned by insiders.

Alset Trading Down 9.0 %

Shares of NASDAQ:AEI traded down $0.08 during trading on Monday, reaching $0.84. The stock had a trading volume of 180,403 shares, compared to its average volume of 7,271,320. The company has a market capitalization of $7.78 million, a P/E ratio of -0.19 and a beta of 1.29. The firm’s 50-day simple moving average is $1.13 and its 200 day simple moving average is $1.23. Alset has a one year low of $0.46 and a one year high of $2.61.

About Alset

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.