AlTi Global, Inc. (NASDAQ:ALTI) Short Interest Update

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

AlTi Global Stock Performance

Shares of AlTi Global stock traded down $0.03 during midday trading on Friday, hitting $3.89. The company had a trading volume of 61,872 shares, compared to its average volume of 73,895. The stock has a market cap of $543.94 million, a price-to-earnings ratio of -2.22 and a beta of 0.73. AlTi Global has a 12-month low of $3.47 and a 12-month high of $7.25. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 0.17. The company has a fifty day simple moving average of $4.30 and a 200 day simple moving average of $4.22.

Institutional Trading of AlTi Global

A number of hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company acquired a new position in AlTi Global during the second quarter worth $76,000. SG Americas Securities LLC acquired a new stake in AlTi Global in the 3rd quarter valued at about $63,000. CV Advisors LLC purchased a new position in AlTi Global in the 3rd quarter worth approximately $85,000. Charles Schwab Investment Management Inc. lifted its position in AlTi Global by 58.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 432,617 shares of the basic materials company’s stock worth $1,618,000 after buying an additional 159,357 shares in the last quarter. Finally, MetLife Investment Management LLC boosted 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 buying an additional 11,834 shares during the last quarter. 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.