Alset Inc. (NASDAQ:AEI) Short Interest Update

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

Alset Stock Down 7.7 %

Shares of NASDAQ:AEI opened at $0.85 on Tuesday. Alset has a fifty-two week low of $0.46 and a fifty-two week high of $2.61. The company has a market cap of $7.89 million, a PE ratio of -0.20 and a beta of 1.29. The company’s 50-day moving average price is $1.12 and its 200 day moving average price is $1.22.

Insiders Place Their Bets

In related news, Director Heng Fai Ambrose Chan bought 1,300,000 shares of the business’s stock in a transaction on Tuesday, December 24th. The shares were bought at an average cost of $0.45 per share, for a total transaction of $585,000.00. Following the completion of the purchase, the director now owns 12,687,954 shares of the company’s stock, valued at $5,709,579.30. This represents a 11.42 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired 5,916,913 shares of company stock valued at $3,783,994 over the last quarter. Insiders own 66.70% of the company’s stock.

Alset Company Profile

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.