Short Interest in Alset Inc. (NASDAQ:AEI) Decreases By 25.3%

Alset Inc. (NASDAQ:AEIGet Free Report) saw a large drop in short interest in January. As of January 31st, there was short interest totalling 46,700 shares, a drop of 25.3% from the January 15th total of 62,500 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average daily volume of 43,500 shares, the short-interest ratio is currently 1.1 days.

Alset Stock Performance

Shares of NASDAQ AEI opened at $1.18 on Tuesday. Alset has a 12 month low of $0.71 and a 12 month high of $2.13. The company has a 50 day simple moving average of $1.10 and a two-hundred day simple moving average of $1.26.

Alset (NASDAQ:AEIGet Free Report) last announced its quarterly earnings data on Tuesday, November 14th. The company reported ($1.73) EPS for the quarter. Alset had a negative net margin of 177.68% and a negative return on equity of 28.86%. The business had revenue of $0.99 million for the quarter.

Hedge Funds Weigh In On Alset

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Alset by 51.7% during the first quarter. BlackRock Inc. now owns 94,449 shares of the company’s stock worth $43,000 after acquiring an additional 32,187 shares during the period. State Street Corp raised its position in Alset by 261.8% during the first quarter. State Street Corp now owns 150,500 shares of the company’s stock worth $69,000 after acquiring an additional 108,900 shares during the period. Vanguard Group Inc. raised its position in Alset by 34.2% during the third quarter. Vanguard Group Inc. now owns 1,984,015 shares of the company’s stock worth $508,000 after acquiring an additional 505,417 shares during the period. Finally, Renaissance Technologies LLC raised its position in Alset by 155.5% during the second quarter. Renaissance Technologies LLC now owns 2,121,994 shares of the company’s stock worth $624,000 after acquiring an additional 1,291,373 shares during the period. 57.51% of the stock is currently owned by institutional investors and hedge funds.

About Alset

(Get Free Report)

Alset Inc, together with its subsidiaries, 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.

Featured Articles

Receive News & Ratings for Alset Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alset and related companies with MarketBeat.com's FREE daily email newsletter.