Short Interest in Alset Inc. (NASDAQ:AEI) Drops By 63.4%

Alset Inc. (NASDAQ:AEI) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 11,100 shares, a decrease of 63.4% from the July 15th total of 30,300 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 134,300 shares, the days-to-cover ratio is currently 0.1 days.

Insider Transactions at Alset

In other news, CEO Heng Fai Ambrose Chan acquired 42,149 shares of Alset stock in a transaction that occurred on Monday, June 17th. The stock was purchased at an average price of $1.15 per share, for a total transaction of $48,471.35. Following the completion of the transaction, the chief executive officer now directly owns 5,611,539 shares in the company, valued at $6,453,269.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders bought 709,516 shares of company stock worth $563,541. Company insiders own 53.52% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Alset stock. StoneX Group Inc. purchased a new position in shares of Alset Inc. (NASDAQ:AEI) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 277,001 shares of the company’s stock, valued at approximately $193,000. StoneX Group Inc. owned approximately 3.00% of Alset at the end of the most recent reporting period. Hedge funds and other institutional investors own 2.74% of the company’s stock.

Alset Stock Performance

NASDAQ:AEI opened at $0.91 on Thursday. Alset has a 1 year low of $0.46 and a 1 year high of $2.05. The stock has a fifty day moving average price of $1.21 and a two-hundred day moving average price of $0.95. The stock has a market capitalization of $8.40 million, a price-to-earnings ratio of -0.13 and a beta of 1.26.

Alset (NASDAQ:AEI) last announced its quarterly earnings results on Wednesday, May 15th. The company reported ($0.73) earnings per share (EPS) for the quarter. Alset had a negative net margin of 227.02% and a negative return on equity of 54.24%. The company had revenue of $6.09 million during the quarter.

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.