Short Interest in Asset Entities Inc. (NASDAQ:ASST) Declines By 74.9%

Asset Entities Inc. (NASDAQ:ASST) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totalling 88,100 shares, a drop of 74.9% from the August 31st total of 350,800 shares. Based on an average trading volume of 5,180,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 5.9% of the company’s shares are short sold.

Insider Buying and Selling at Asset Entities

In related news, CFO Matthew Krueger sold 13,200 shares of Asset Entities stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $2.72, for a total transaction of $35,904.00. Following the completion of the sale, the chief financial officer now directly owns 26,400 shares of the company’s stock, valued at $71,808. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Chairman Michael Gaubert sold 179,683 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $1.97, for a total value of $353,975.51. Following the completion of the transaction, the chairman now directly owns 76,723 shares in the company, valued at approximately $151,144.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew Krueger sold 13,200 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $2.72, for a total transaction of $35,904.00. Following the sale, the chief financial officer now owns 26,400 shares in the company, valued at $71,808. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 333,037 shares of company stock valued at $632,846. 60.31% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Asset Entities

A hedge fund recently bought a new stake in Asset Entities stock. Symmetry Peak Management LLC bought a new position in shares of Asset Entities Inc. (NASDAQ:ASST) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 60,961 shares of the company’s stock, valued at approximately $39,000. Symmetry Peak Management LLC owned about 0.44% of Asset Entities at the end of the most recent quarter. 5.52% of the stock is owned by hedge funds and other institutional investors.

Asset Entities Stock Up 1.4 %

Shares of NASDAQ:ASST traded up $0.02 during midday trading on Friday, reaching $1.43. 118,253 shares of the company were exchanged, compared to its average volume of 1,871,464. The firm has a market cap of $4.30 million, a PE ratio of -0.80 and a beta of 8.38. Asset Entities has a fifty-two week low of $0.87 and a fifty-two week high of $5.10. The stock has a fifty day simple moving average of $1.53 and a two-hundred day simple moving average of $1.95.

Asset Entities (NASDAQ:ASST) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.58) EPS for the quarter. The firm had revenue of $0.09 million during the quarter. Asset Entities had a negative net margin of 1,574.65% and a negative return on equity of 207.47%.

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 designs, develops, and manages servers for communities on Discord. The company offers discord investment education, entertainment, and marketing services.