Short Interest in Alset Inc. (NASDAQ:AEI) Decreases By 18.9%

Alset Inc. (NASDAQ:AEI) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 305,527 shares, a decline of 18.9% from the November 30th total of 376,915 shares. Based on an average trading volume of 45,969 shares, the short-interest ratio is presently 6.6 days. Approximately 8.1% of the shares of the company are short sold. Approximately 8.1% of the shares of the company are short sold. Based on an average trading volume of 45,969 shares, the short-interest ratio is presently 6.6 days.

Institutional Investors Weigh In On Alset

A number of institutional investors and hedge funds have recently modified their holdings of AEI. Vanguard Group Inc. lifted its position in shares of Alset by 2,757.1% during the 3rd quarter. Vanguard Group Inc. now owns 618,210 shares of the company’s stock valued at $1,564,000 after acquiring an additional 596,572 shares during the last quarter. Bridgeway Capital Management LLC purchased a new stake in shares of Alset during the third quarter valued at $254,000. Finally, Two Sigma Investments LP acquired a new position in shares of Alset in the 3rd quarter valued at $171,000. Institutional investors and hedge funds own 2.74% of the company’s stock.

Wall Street Analysts Forecast Growth

AEI has been the topic of several recent research reports. Wall Street Zen raised Alset from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alset in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Alset Stock Up 8.7%

NASDAQ:AEI opened at $2.74 on Wednesday. The business’s 50-day moving average price is $2.69 and its 200 day moving average price is $2.09. Alset has a 52-week low of $0.70 and a 52-week high of $4.55. The firm has a market cap of $106.59 million, a P/E ratio of -2.30 and a beta of 1.43.

Alset (NASDAQ:AEI) last issued its quarterly earnings results on Friday, November 14th. The company reported $0.05 earnings per share for the quarter. Alset had a negative net margin of 105.02% and a negative return on equity of 12.09%. The company had revenue of $1.00 million during the quarter.

About Alset

Alset Environmental, Inc (NASDAQ:AEI) is a technology company focused on the development and commercialization of advanced pyrolysis systems for the recycling of end-of-life tires and plastic waste. The firm’s solutions are built around its proprietary HydroPyrolysis Reactor, which uses hydrothermal conditions to break down complex hydrocarbon feedstocks into valuable byproducts. By converting tire rubber and mixed plastics into recovered carbon black, pyrolysis oil, syngas and steel, Alset aims to provide an environmentally sustainable alternative to traditional disposal and incineration methods.

The company’s HydroPyrolysis technology operates at moderate temperatures and pressures to maximize yield and purity of carbon-rich outputs.