Alset Inc. (NASDAQ:AEI) Short Interest Down 58.6% in June

Alset Inc. (NASDAQ:AEI) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totalling 65,200 shares, a decrease of 58.6% from the May 31st total of 157,300 shares. Based on an average daily volume of 129,800 shares, the days-to-cover ratio is currently 0.5 days. Currently, 2.0% of the company’s shares are sold short.

Alset Stock Down 10.7 %

Shares of NASDAQ AEI traded down $0.21 on Friday, reaching $1.76. 98,503 shares of the company’s stock traded hands, compared to its average volume of 91,147. Alset has a 12 month low of $0.46 and a 12 month high of $2.05. The company has a market cap of $16.26 million, a price-to-earnings ratio of -0.26 and a beta of 1.05. The business’s 50 day simple moving average is $0.83 and its two-hundred day simple moving average is $0.91.

Alset (NASDAQ:AEI) last issued its earnings results on Wednesday, May 15th. The company reported ($0.73) earnings per share (EPS) for the quarter. Alset had a negative return on equity of 54.24% and a negative net margin of 227.02%. The firm had revenue of $6.09 million during the quarter.

Insider Transactions at Alset

In other news, CEO Heng Fai Ambrose Chan purchased 42,149 shares of Alset stock in a transaction that occurred on Monday, June 17th. The shares were bought at an average cost of $1.15 per share, with a total value of $48,471.35. Following the completion of the purchase, the chief executive officer now directly owns 5,611,539 shares in the company, valued at $6,453,269.85. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders purchased 706,198 shares of company stock valued at $558,962. Company insiders own 53.52% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Alset stock. StoneX Group Inc. acquired a new stake in shares of Alset Inc. (NASDAQ:AEI) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 277,001 shares of the company’s stock, valued at approximately $193,000. StoneX Group Inc. owned about 3.00% of Alset as of its most recent filing with the Securities and Exchange Commission (SEC). 2.74% of the stock is currently owned by institutional investors and hedge funds.

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.