Short Interest in Alset Inc. (NASDAQ:AEI) Drops By 24.0%

Alset Inc. (NASDAQ:AEI) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 169,300 shares, a decline of 24.0% from the February 13th total of 222,700 shares. Based on an average daily volume of 969,300 shares, the days-to-cover ratio is presently 0.2 days. Currently, 3.9% of the shares of the company are sold short.

Insider Transactions at Alset

In related news, Director Heng Fai Ambrose Chan acquired 1,300,000 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were bought at an average price of $0.45 per share, for a total transaction of $585,000.00. Following the acquisition, the director now owns 12,687,954 shares in the company, valued at $5,709,579.30. This trade represents a 11.42 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have purchased 1,611,304 shares of company stock worth $881,810. 62.10% of the stock is currently owned by company insiders.

Alset Stock Up 2.3 %

NASDAQ AEI opened at $0.88 on Tuesday. The stock has a market cap of $9.45 million, a P/E ratio of -0.20 and a beta of 1.24. The company’s 50-day simple moving average is $0.93 and its 200 day simple moving average is $1.14. Alset has a twelve month low of $0.46 and a twelve month high of $2.61.

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.