Asset Entities Inc. (NASDAQ:ASST) Sees Large Drop in Short Interest

Asset Entities Inc. (NASDAQ:ASST) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 68,900 shares, a drop of 64.1% from the March 31st total of 191,900 shares. Approximately 1.8% of the company’s shares are sold short. Based on an average trading volume of 736,700 shares, the days-to-cover ratio is currently 0.1 days.

Asset Entities Stock Performance

Asset Entities stock remained flat at $0.39 during midday trading on Thursday. The company had a trading volume of 71,273 shares, compared to its average volume of 620,372. Asset Entities has a 12 month low of $0.29 and a 12 month high of $3.49. The business has a 50-day simple moving average of $0.53 and a 200-day simple moving average of $0.50. The firm has a market capitalization of $5.62 million, a price-to-earnings ratio of -1.04 and a beta of 8.40.

Asset Entities (NASDAQ:ASST) last posted its quarterly earnings data on Tuesday, April 2nd. The company reported ($0.09) earnings per share (EPS) for the quarter. The business had revenue of $0.08 million for the quarter. Asset Entities had a negative return on equity of 111.62% and a negative net margin of 1,780.15%.

Institutional Trading of Asset Entities

An institutional investor recently bought a new position in Asset Entities stock. Symmetry Peak Management LLC purchased a new stake in Asset Entities Inc. (NASDAQ:ASST) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 60,961 shares of the company’s stock, valued at approximately $39,000. Symmetry Peak Management LLC owned 0.44% of Asset Entities at the end of the most recent reporting period. 5.52% of the stock is currently owned by institutional investors.

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 also designs, develops, and manages servers for communities on Discord. The company was founded in 2020 and is based in Dallas, Texas. Asset Entities Inc is a subsidiary of Asset Entities Holdings, Llc.