AlTi Global, Inc. (NASDAQ:ALTI) Short Interest Update

AlTi Global, Inc. (NASDAQ:ALTI) was the target of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 973,800 shares, a decline of 8.1% from the October 31st total of 1,060,000 shares. Based on an average daily volume of 177,500 shares, the days-to-cover ratio is currently 5.5 days. Currently, 3.1% of the shares of the stock are sold short.

AlTi Global Price Performance

ALTI opened at $4.75 on Monday. The stock has a market capitalization of $664.17 million, a P/E ratio of -2.71 and a beta of 0.65. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 0.17. AlTi Global has a 12-month low of $3.47 and a 12-month high of $9.22. The stock has a 50-day moving average price of $4.12 and a 200-day moving average price of $4.38.

Insider Buying and Selling at AlTi Global

In related news, insider Spiros Maliagros sold 5,769 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $4.47, for a total value of $25,787.43. Following the transaction, the insider now owns 405,167 shares of the company’s stock, valued at $1,811,096.49. This represents a 1.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 12,897 shares of company stock worth $54,524 over the last three months. 22.14% of the stock is owned by insiders.

Institutional Trading of AlTi Global

Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in AlTi Global during the 3rd quarter worth approximately $63,000. The Manufacturers Life Insurance Company purchased a new stake in shares of AlTi Global during the second quarter valued at approximately $76,000. MetLife Investment Management LLC grew its holdings in shares of AlTi Global by 129.1% in the third quarter. MetLife Investment Management LLC now owns 21,002 shares of the basic materials company’s stock worth $79,000 after purchasing an additional 11,834 shares during the last quarter. CV Advisors LLC purchased a new position in shares of AlTi Global in the third quarter worth $85,000. Finally, Barclays PLC increased its stake in shares of AlTi Global by 264.8% in the third quarter. Barclays PLC now owns 44,457 shares of the basic materials company’s stock worth $167,000 after buying an additional 32,269 shares during the period. Hedge funds and other institutional investors own 3.57% of the company’s stock.

About AlTi Global

AlTi Global, Inc provides wealth and asset management services individuals, families, foundations, and institutions in the United States, the United Kingdom, and internationally. It operates through two segments, Wealth Management and Strategic Alternatives. The company offers discretionary investment management, non-discretionary investment advisory, and investment management and advisory services.