Short Interest in Alset Inc. (NASDAQ:AEI) Decreases By 26.6%

Alset Inc. (NASDAQ:AEI) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 124,300 shares, a decline of 26.6% from the February 28th total of 169,300 shares. Currently, 2.9% of the shares of the company are sold short. Based on an average daily trading volume, of 959,800 shares, the short-interest ratio is currently 0.1 days.

Alset Price Performance

Shares of NASDAQ AEI opened at $1.03 on Monday. The firm has a market capitalization of $11.06 million, a PE ratio of -0.24 and a beta of 1.24. Alset has a 1-year low of $0.46 and a 1-year high of $2.61. The business’s fifty day moving average price is $0.94 and its two-hundred day moving average price is $1.13.

Insider Activity

In related news, CEO Heng Fai Ambrose Chan purchased 141,060 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The shares were acquired at an average price of $0.99 per share, with a total value of $139,649.40. Following the acquisition, the chief executive officer now owns 6,179,498 shares in the company, valued at approximately $6,117,703.02. This trade represents a 2.34 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders acquired 311,304 shares of company stock valued at $296,810. Company insiders own 62.10% of the company’s stock.

About Alset

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.