Alset Inc. (NASDAQ:AEI) Short Interest Down 24.0% in February

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

Alset Stock Up 3.8 %

NASDAQ:AEI opened at $0.87 on Monday. The stock’s fifty day moving average is $0.94 and its two-hundred day moving average is $1.15. Alset has a 52 week low of $0.46 and a 52 week high of $2.61. The stock has a market capitalization of $9.36 million, a price-to-earnings ratio of -0.20 and a beta of 1.24.

Insider Activity at Alset

In other Alset news, CEO Heng Fai Ambrose Chan acquired 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was purchased at an average cost of $0.85 per share, with a total value of $42,500.00. Following the transaction, the chief executive officer now owns 5,938,438 shares of the company’s stock, valued at $5,047,672.30. This trade represents a 0.85 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders bought 1,611,304 shares of company stock valued at $881,810. 62.10% of the stock is owned by company insiders.

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.