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

Alset Inc. (NASDAQ:AEI) experienced a notable decline in its short interest during October. As of October 15, the short interest stood at 14,400 shares, reflecting a decrease of 25.4% from the total of 19,300 shares recorded on September 30. Currently, short sales represent 0.5% of the company's total stock. With an average daily trading volume of 40,300 shares, the days-to-cover ratio is now at 0.4 days.

Insider Buying Activity

In related news, Alset's CEO, Heng Fai Ambrose Chan, purchased 6,034,537 shares of the company's stock on September 24, at an average price of $0.63 per share. This transaction amounted to approximately $3,801,758.31. Following this purchase, Chan now directly holds 19,264,692 shares, valued at around $12,136,755.96. The recent acquisition represents a 0.00% change in the CEO's ownership stake. Details of this transaction were filed with the SEC and can be accessed on their website. Over the past ninety days, insiders have acquired a total of 6,074,817 shares, worth $3,842,684, and insiders currently own 53.52% of the company's stock.

Institutional Investment Insights

StoneX Group Inc. also recently entered a new position in Alset stock, purchasing 277,001 shares valued at about $193,000 during the first quarter. This acquisition represents roughly 3.00% of Alset at the end of the most recent reporting period. Presently, institutional investors and hedge funds own approximately 2.74% of the company's stock.

Stock Performance Overview

As of Monday, AEI shares opened at $1.69. The stock has a 50-day simple moving average of $1.32 and a 200-day simple moving average of $1.08. Alset's market capitalization stands at $15.61 million, with a P/E ratio of -0.25, and a beta of 1.28. The stock reached a twelve-month low of $0.46 and a high of $2.05.

Alset Inc. reported its quarterly earnings on August 13, revealing an EPS of ($0.13) for the quarter, with total revenue of $1.13 million. The company also recorded a negative net margin of 620.33% and a negative return on equity of 56.77%.

About Alset Inc.

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

Alset, Stocks, ShortInterest