Alset Inc. (NASDAQ:AEI) Short Interest Up 50.6% in May

Alset Inc. (NASDAQ:AEIGet Free Report) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 124,100 shares, a growth of 50.6% from the May 15th total of 82,400 shares. Currently, 3.8% of the shares of the stock are short sold. Based on an average daily volume of 54,000 shares, the days-to-cover ratio is presently 2.3 days.

Insider Activity

In other Alset news, Director Heng Fai Ambrose Chan sold 300,000 shares of the firm’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $1.03, for a total transaction of $309,000.00. Following the sale, the director now directly owns 1,253,904 shares of the company’s stock, valued at $1,291,521.12. This trade represents a 19.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 1,364,776 shares of company stock worth $1,012,666 in the last 90 days. 62.10% of the stock is currently owned by corporate insiders.

Alset Price Performance

Alset stock opened at $0.85 on Wednesday. Alset has a 12-month low of $0.70 and a 12-month high of $2.61. The stock has a market capitalization of $9.07 million, a P/E ratio of -1.80 and a beta of 1.05. The firm’s 50-day moving average is $0.90 and its two-hundred day moving average is $0.94.

Alset (NASDAQ:AEIGet Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported ($0.78) earnings per share (EPS) for the quarter. Alset had a negative return on equity of 6.11% and a negative net margin of 33.80%.

About Alset

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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.

Further Reading

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