Asset Entities Inc. (NASDAQ:ASST) Sees Large Decline in Short Interest

Asset Entities Inc. (NASDAQ:ASST) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 55,300 shares, a decline of 91.0% from the December 15th total of 615,200 shares. Based on an average daily trading volume, of 3,720,000 shares, the short-interest ratio is currently 0.0 days. Currently, 1.4% of the shares of the company are sold short.

Asset Entities Price Performance

Shares of NASDAQ:ASST traded down $0.05 during trading on Wednesday, reaching $0.48. 467,308 shares of the company’s stock traded hands, compared to its average volume of 1,086,949. The company has a 50 day moving average of $0.55 and a 200-day moving average of $1.10. Asset Entities has a 12 month low of $0.34 and a 12 month high of $4.35. The stock has a market capitalization of $4.20 million, a P/E ratio of -0.25 and a beta of 6.42.

About Asset Entities

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.