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

Asset Entities Inc. (NASDAQ:ASST) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 11,600 shares, a decline of 38.3% from the August 15th total of 18,800 shares. Based on an average daily volume of 1,890,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.5% of the shares of the stock are sold short.

Asset Entities Trading Up 4.0 %

Shares of ASST stock traded up $0.02 during trading hours on Friday, hitting $0.64. The company had a trading volume of 1,567 shares, compared to its average volume of 1,028,322. Asset Entities has a 12 month low of $0.53 and a 12 month high of $6.98. The firm’s fifty day moving average is $0.97 and its 200 day moving average is $1.25.

Institutional Investors Weigh In On Asset Entities

A number of hedge funds and other institutional investors have recently bought and sold shares of ASST. Geode Capital Management LLC acquired a new stake in shares of Asset Entities in the 2nd quarter valued at $51,000. Virtu Financial LLC raised its holdings in shares of Asset Entities by 171.6% during the second quarter. Virtu Financial LLC now owns 46,138 shares of the company’s stock worth $80,000 after acquiring an additional 29,148 shares during the period. Finally, Two Sigma Securities LLC acquired a new stake in shares of Asset Entities during the first quarter worth $36,000. 0.92% of the stock is owned by institutional investors and hedge funds.

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 also designs, develops, and manages servers for communities on Discord. The company was founded in 2020 and is based in Dallas, Texas. Asset Entities Inc is a subsidiary of Asset Entities Holdings, Llc.