Short Interest in Asset Entities Inc. (NASDAQ:ASST) Rises By 5.3%

Asset Entities Inc. (NASDAQ:ASST) was the target of a large increase in short interest in June. As of June 15th, there was short interest totalling 102,800 shares, an increase of 5.3% from the May 31st total of 97,600 shares. Currently, 2.2% of the company’s stock are sold short. Based on an average daily volume of 297,900 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Asset Entities

A hedge fund recently bought a new stake in Asset Entities stock. Symmetry Peak Management LLC bought a new stake in Asset Entities Inc. (NASDAQ:ASST) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 60,961 shares of the company’s stock, valued at approximately $39,000. Symmetry Peak Management LLC owned about 0.44% of Asset Entities as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 5.52% of the company’s stock.

Asset Entities Stock Up 3.1 %

Asset Entities stock opened at $1.68 on Wednesday. Asset Entities has a 12 month low of $1.46 and a 12 month high of $9.85. The company has a fifty day moving average price of $2.05 and a two-hundred day moving average price of $2.42.

Asset Entities (NASDAQ:ASST) last posted its quarterly earnings results on Wednesday, May 15th. The company reported ($0.50) EPS for the quarter. Asset Entities had a negative net margin of 1,538.71% and a negative return on equity of 153.10%. The business had revenue of $0.13 million during the quarter.

Asset Entities Company Profile

Asset Entities Inc, a technology company, provides social media marketing and content delivery services across Discord, TikTok, and other social media platforms. It designs, develops, and manages servers for communities on Discord. The company offers discord investment education, entertainment, and marketing services.