Short Interest in Alset Inc. (NASDAQ:AEI) Expands By 1,201.3%

Alset Inc. (NASDAQ:AEI) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totalling 104,100 shares, an increase of 1,201.3% from the December 31st total of 8,000 shares. Currently, 2.9% of the company’s stock are sold short. Based on an average daily volume of 869,100 shares, the days-to-cover ratio is currently 0.1 days.

Alset Price Performance

NASDAQ:AEI traded down $0.05 during midday trading on Tuesday, reaching $0.90. 64,943 shares of the company traded hands, compared to its average volume of 3,116,795. Alset has a twelve month low of $0.46 and a twelve month high of $2.61. The firm has a market capitalization of $8.27 million, a price-to-earnings ratio of -0.21 and a beta of 1.29. The company has a fifty day moving average price of $1.03 and a 200 day moving average price of $1.18.

Insider Buying and Selling at Alset

In other news, CEO Heng Fai Ambrose Chan bought 50,000 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was bought at an average price of $0.85 per share, for a total transaction of $42,500.00. Following the transaction, the chief executive officer now owns 5,938,438 shares in the company, valued at $5,047,672.30. The trade was a 0.85 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders acquired a total of 5,966,913 shares of company stock worth $3,826,494 in the last 90 days. 66.70% of the stock is owned by corporate insiders.

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.