Short Interest in Alset Inc. (NASDAQ:AEI) Decreases By 9.7%

Alset Inc. (NASDAQ:AEI) saw a significant decrease in short interest in October. As of October 31st, there was short interest totalling 13,000 shares, a decrease of 9.7% from the October 15th total of 14,400 shares. Based on an average trading volume of 42,100 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.4% of the company’s shares are short sold.

Alset Trading Down 3.7 %

NASDAQ:AEI opened at $1.04 on Monday. The stock has a market capitalization of $9.61 million, a PE ratio of -0.24 and a beta of 1.26. Alset has a 1-year low of $0.46 and a 1-year high of $2.05. The firm has a fifty day simple moving average of $1.39 and a 200 day simple moving average of $1.17.

Insiders Place Their Bets

In other news, CEO Heng Fai Ambrose Chan purchased 6,034,537 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were purchased at an average price of $0.63 per share, with a total value of $3,801,758.31. Following the purchase, the chief executive officer now directly owns 19,264,692 shares of the company’s stock, valued at $12,136,755.96. This trade represents a 45.61 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 66.70% of the company’s stock.

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.