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

Alset Inc. (NASDAQ:AEI) experienced a notable decrease in short interest during October. As of October 15th, the total short interest was recorded at 14,400 shares, representing a decline of 25.4% from the September 30th figure of 19,300 shares. Currently, 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 0.4 days.

Recent Insider Activity

In other developments concerning Alset, the CEO, Heng Fai Ambrose Chan, purchased 6,034,537 shares on September 24th at an average price of $0.63 per share, totaling approximately $3.8 million. Following this transaction, the CEO now holds 19,264,692 shares in the company, valued at around $12.1 million. This purchase reflected a 0.00% increase in his ownership stake. Details of this acquisition have been filed with the SEC, which can be reviewed on their website. In the past ninety days, company insiders have acquired a total of 6,074,817 shares, valued at $3.8 million. Currently, company insiders own 53.52% of the stock.

Institutional Investment Trends

In recent announcements, institutional investors are making moves in Alset. StoneX Group Inc. recently acquired a new position in Alset’s stock during the first quarter, acquiring 277,001 shares for about $193,000. As a result, StoneX Group Inc. held approximately 3.00% of Alset at the end of the last reporting period. Presently, institutional investors and hedge funds collectively own 2.74% of the stock.

Market Performance of Alset

As for market performance, Alset’s stock opened at $1.69 on Monday. The stock 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. The company has experienced a P/E ratio of -0.25 and a beta of 1.28. Over the past year, Alset’s stock has reached a low of $0.46 and a high of $2.05.

In its last quarterly earnings report on August 13th, Alset reported a loss of ($0.13) per share, with revenue of $1.13 million. The company is facing challenges, as indicated by a negative net margin of 620.33% and a negative return on equity of 56.77%.

About Alset Inc.

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

Alset, Stocks, Investors