Alset Inc. (NASDAQ:AEI – Get Free Report) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 104,100 shares, an increase of 1,201.3% from the December 31st total of 8,000 shares. Currently, 2.9% of the shares of the stock are sold short. Based on an average daily volume of 869,100 shares, the short-interest ratio is currently 0.1 days.
Insider Buying and Selling
In other Alset news, CEO Heng Fai Ambrose Chan acquired 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was bought at an average price of $0.85 per share, with a total value of $42,500.00. Following the purchase, the chief executive officer now owns 5,938,438 shares in the company, valued at approximately $5,047,672.30. The trade was a 0.85 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased a total of 5,966,913 shares of company stock worth $3,826,494 in the last 90 days. Insiders own 66.70% of the company’s stock.
Alset Price Performance
Shares of AEI stock traded down $0.05 during trading on Tuesday, reaching $0.90. The company’s stock had a trading volume of 64,943 shares, compared to its average volume of 3,116,795. Alset has a 1-year low of $0.46 and a 1-year high of $2.61. The stock’s 50-day moving average price is $1.03 and its 200 day moving average price is $1.18. The company has a market capitalization of $8.27 million, a price-to-earnings ratio of -0.21 and a beta of 1.29.
About Alset
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.
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