Alset Inc. (NASDAQ:AEI) Sees Significant Decrease in Short Interest for October 2024

Alset Inc. (NASDAQ:AEI – Get Free Report) experienced a notable decline in short interest for the month of October. As reported on October 15th, the total short interest amounted to 14,400 shares, representing a decrease of 25.4% from the September 30th figure of 19,300 shares. At present, only 0.5% of the company's stock is sold short. With an average daily trading volume of 40,300 shares, the days-to-cover ratio stands at just 0.4 days.

Recent Insider Activity

In other developments, CEO Heng Fai Ambrose Chan made a significant investment in Alset by purchasing 6,034,537 shares of the company on September 24th. He acquired these shares at an average price of $0.63 each, totaling approximately $3,801,758.31. Following this transaction, the CEO's direct ownership increased to 19,264,692 shares, valued at around $12,136,755.96. The transaction was documented in a legal filing with the SEC, available for public viewing. In the last ninety days, insiders have bought a total of 6,074,817 shares, cumulatively worth $3,842,684. Notably, insiders currently own 53.52% of the company's stock.

Institutional Investments in Alset

Additionally, an institutional investment firm, StoneX Group Inc., recently took a new position in Alset Inc. during the first quarter, as reported in its latest filing with the Securities & Exchange Commission. The firm acquired 277,001 shares, valued at about $193,000, making it a holder of approximately 3.00% of the company's shares at the close of the most recent reporting period. Overall, institutional investors and hedge funds account for 2.74% of Alset's shares.

Current Trading Status of Alset

As of Monday, AEI stock opened at $1.69, reflecting a 5.6% decrease. The company has a 50-day simple moving average of $1.32 and a 200-day simple moving average of $1.08. With a market capitalization of $15.61 million, Alset's P/E ratio is -0.25, and it has a beta of 1.28. The stock hit a twelve-month low of $0.46 and a high of $2.05.

Alset (NASDAQ:AEI – Get Free Report) last disclosed its quarterly earnings results on August 13th, reporting an EPS of ($0.13) for the quarter, with total revenues amounting to $1.13 million. The company has a negative net margin of 620.33% and a negative return on equity of 56.77%.

Company Overview of Alset Inc.

Alset Inc. engages in diverse business activities within real estate development, financial services, digital transformation technologies, biohealth, and consumer products. The company operates across several regions, including the United States, Singapore, Hong Kong, Australia, and South Korea, through four segments: Real Estate, Digital Transformation Technology, Biohealth, and Other Business Activities.

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