AlTi Global, Inc. (NASDAQ:ALTI) Short Interest Up 10.6% in December

AlTi Global, Inc. (NASDAQ:ALTI) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 1,150,000 shares, an increase of 10.6% from the December 15th total of 1,040,000 shares. Currently, 3.5% of the company’s shares are short sold. Based on an average trading volume of 135,900 shares, the days-to-cover ratio is presently 8.5 days.

AlTi Global Trading Up 2.0 %

Shares of ALTI stock traded up $0.08 during trading hours on Friday, hitting $4.09. 135,889 shares of the company were exchanged, compared to its average volume of 88,817. The firm has a fifty day moving average of $4.37 and a 200 day moving average of $4.27. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 0.17. AlTi Global has a 1 year low of $3.47 and a 1 year high of $7.38.

Hedge Funds Weigh In On AlTi Global

A number of large investors have recently bought and sold shares of ALTI. JPMorgan Chase & Co. increased its holdings in shares of AlTi Global by 16.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,092 shares of the basic materials company’s stock worth $101,000 after buying an additional 3,925 shares during the last quarter. AlTi Global Inc. grew its position in AlTi Global by 1.5% during the second quarter. AlTi Global Inc. now owns 772,186 shares of the basic materials company’s stock valued at $4,023,000 after acquiring an additional 11,216 shares during the period. MetLife Investment Management LLC increased its stake in AlTi Global by 129.1% during the third quarter. MetLife Investment Management LLC now owns 21,002 shares of the basic materials company’s stock worth $79,000 after acquiring an additional 11,834 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of AlTi Global in the 2nd quarter worth about $76,000. Finally, SG Americas Securities LLC purchased a new stake in shares of AlTi Global during the 3rd quarter worth about $63,000. Hedge funds and other institutional investors own 3.57% of the company’s stock.

About AlTi Global

AlTi Global, Inc provides wealth and asset management services individuals, families, foundations, and institutions in the United States, the United Kingdom, and internationally. It operates through two segments, Wealth Management and Strategic Alternatives. The company offers discretionary investment management, non-discretionary investment advisory, and investment management and advisory services.