Alset Inc. (NASDAQ:AEI) Sees Significant Decrease in Short Interest

Alset Inc. (NASDAQ:AEI) saw a large decrease in short interest in January. As of January 31st, there was short interest totalling 161,900 shares, a decrease of 18.4% from the January 15th total of 198,300 shares. Based on an average trading volume of 929,400 shares, the days-to-cover ratio is presently 0.2 days. Currently, 4.8% of the shares of the company are short sold.

Alset Stock Down 8.6 %

Shares of AEI opened at $1.06 on Friday. Alset has a 52-week low of $0.46 and a 52-week high of $2.61. The company has a market cap of $9.79 million, a PE ratio of -0.24 and a beta of 1.27. The business has a fifty day moving average of $0.97 and a 200 day moving average of $1.16.

Insider Buying and Selling

In other Alset news, CEO Heng Fai Ambrose Chan bought 141,060 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was purchased at an average cost of $0.99 per share, with a total value of $139,649.40. Following the completion of the acquisition, the chief executive officer now owns 6,179,498 shares in the company, valued at $6,117,703.02. This trade represents a 2.34 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders bought 6,228,217 shares of company stock valued at $4,080,805. 66.70% of the stock is owned by corporate insiders.

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.