AlTi Global, Inc. (NASDAQ:ALTI) Short Interest Up 10.6% in January

AlTi Global, Inc. (NASDAQ:ALTI) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 1,150,000 shares, an increase of 10.6% from the December 31st total of 1,040,000 shares. Based on an average daily volume of 135,900 shares, the short-interest ratio is presently 8.5 days. Approximately 3.5% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its holdings in shares of AlTi Global by 58.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 432,617 shares of the basic materials company’s stock worth $1,618,000 after acquiring an additional 159,357 shares during the period. Geode Capital Management LLC lifted its position in AlTi Global by 41.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,080,189 shares of the basic materials company’s stock valued at $4,041,000 after acquiring an additional 318,860 shares in the last quarter. State Street Corp lifted its position in AlTi Global by 5.6% in the 3rd quarter. State Street Corp now owns 540,213 shares of the basic materials company’s stock valued at $2,020,000 after acquiring an additional 28,689 shares in the last quarter. Barclays PLC lifted its position in AlTi Global by 264.8% in the 3rd quarter. Barclays PLC now owns 44,457 shares of the basic materials company’s stock valued at $167,000 after acquiring an additional 32,269 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in AlTi Global by 16.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,092 shares of the basic materials company’s stock valued at $101,000 after acquiring an additional 3,925 shares in the last quarter. Hedge funds and other institutional investors own 3.57% of the company’s stock.

AlTi Global Price Performance

ALTI stock traded down $0.15 during mid-day trading on Monday, hitting $3.74. 47,477 shares of the stock were exchanged, compared to its average volume of 80,679. AlTi Global has a 12 month low of $3.47 and a 12 month high of $7.25. The stock has a market capitalization of $523.10 million, a price-to-earnings ratio of -2.14 and a beta of 0.71. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.05 and a quick ratio of 4.05. The business has a fifty day moving average price of $4.30 and a 200 day moving average price of $4.21.

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.