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

Alset Inc. (NASDAQ:AEI) was the recipient of a significant decline in short interest in January. As of January 31st, there was short interest totalling 161,900 shares, a decline of 18.4% from the January 15th total of 198,300 shares. Based on an average daily volume of 929,400 shares, the days-to-cover ratio is currently 0.2 days. Currently, 4.8% of the shares of the stock are sold short.

Insider Buying and Selling

In other Alset news, Director Heng Fai Ambrose Chan purchased 205,149 shares of the stock in a transaction dated Tuesday, December 10th. The stock was acquired at an average cost of $0.97 per share, for a total transaction of $198,994.53. Following the acquisition, the director now owns 1,184,475 shares in the company, valued at $1,148,940.75. This trade represents a 20.95 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders bought 6,228,217 shares of company stock worth $4,080,805. 66.70% of the stock is owned by corporate insiders.

Alset Price Performance

AEI stock opened at $1.06 on Friday. The firm has a market capitalization of $9.79 million, a P/E ratio of -0.24 and a beta of 1.27. The business’s 50-day moving average is $0.97 and its two-hundred day moving average is $1.16. Alset has a 1 year low of $0.46 and a 1 year high of $2.61.

Alset Company Profile

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.