Alset Inc. (NASDAQ:AEI) Short Interest Down 17.7% in January

Alset Inc. (NASDAQ:AEI) saw a significant decrease in short interest in January. As of January 15th, there was short interest totaling 229,167 shares, a decrease of 17.7% from the December 31st total of 278,386 shares. Based on an average daily volume of 52,993 shares, the days-to-cover ratio is presently 4.3 days. Approximately 6.1% of the company’s shares are short sold. Approximately 6.1% of the company’s shares are short sold. Based on an average daily volume of 52,993 shares, the days-to-cover ratio is presently 4.3 days.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AEI. Wall Street Zen raised Alset from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Alset in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Alset currently has an average rating of “Sell”.

Institutional Investors Weigh In On Alset

Several institutional investors have recently bought and sold shares of the company. Two Sigma Investments LP purchased a new position in Alset in the third quarter worth $171,000. Bridgeway Capital Management LLC acquired a new stake in shares of Alset in the 3rd quarter worth $254,000. Finally, Vanguard Group Inc. grew its stake in Alset by 2,757.1% during the 3rd quarter. Vanguard Group Inc. now owns 618,210 shares of the company’s stock worth $1,564,000 after buying an additional 596,572 shares during the last quarter. 2.74% of the stock is currently owned by institutional investors and hedge funds.

Alset Price Performance

Shares of AEI stock opened at $3.07 on Monday. The stock’s 50-day moving average is $2.96 and its 200 day moving average is $2.45. Alset has a 1-year low of $0.70 and a 1-year high of $4.55. The company has a market cap of $119.42 million, a P/E ratio of -2.58 and a beta of 1.43.

Alset (NASDAQ:AEI) last released its quarterly earnings results on Friday, November 14th. The company reported $0.05 EPS for the quarter. Alset had a negative net margin of 105.02% and a negative return on equity of 12.09%. The business 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.