AlTi Global, Inc. (NASDAQ:ALTI) Short Interest Down 15.2% in October

AlTi Global, Inc. (NASDAQ:ALTI) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 1,060,000 shares, a drop of 15.2% from the October 15th total of 1,250,000 shares. Currently, 3.5% of the company’s shares are sold short. Based on an average trading volume of 173,100 shares, the days-to-cover ratio is currently 6.1 days.

AlTi Global Stock Performance

Shares of AlTi Global stock opened at $4.39 on Monday. AlTi Global has a 12 month low of $3.47 and a 12 month high of $9.22. The firm has a market capitalization of $613.85 million, a P/E ratio of -2.51 and a beta of 0.65. The company has a current ratio of 4.05, a quick ratio of 1.57 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $4.09 and a two-hundred day simple moving average of $4.40.

Insider Buying and Selling

In other news, insider Spiros Maliagros sold 5,769 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $4.47, for a total value of $25,787.43. Following the completion of the transaction, the insider now owns 405,167 shares of the company’s stock, valued at approximately $1,811,096.49. This represents a 1.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Kevin P. Moran sold 137,500 shares of AlTi Global stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $4.00, for a total value of $550,000.00. Following the sale, the chief operating officer now owns 27,637 shares in the company, valued at $110,548. This represents a 83.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 161,935 shares of company stock valued at $652,349 over the last quarter. 22.14% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in AlTi Global during the third quarter worth about $63,000. The Manufacturers Life Insurance Company purchased a new position in shares of AlTi Global during the second quarter valued at approximately $76,000. MetLife Investment Management LLC boosted its position in shares of AlTi Global by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 21,002 shares of the basic materials company’s stock worth $79,000 after purchasing an additional 11,834 shares in the last quarter. CV Advisors LLC purchased a new stake in shares of AlTi Global in the 3rd quarter worth approximately $85,000. Finally, Barclays PLC grew its stake in shares of AlTi Global by 264.8% in the 3rd quarter. Barclays PLC now owns 44,457 shares of the basic materials company’s stock worth $167,000 after buying an additional 32,269 shares during the last quarter. 3.57% of the stock is currently owned by institutional investors.

AlTi Global Company Profile

AlTi Global, Inc provides wealth and asset management services individuals, families, foundations, and institutions in the United States, the United Kingdom, and internationally. It operates through two segments, Wealth Management and Strategic Alternatives. The company offers discretionary investment management, non-discretionary investment advisory, and investment management and advisory services.