Alset Inc. (NASDAQ:AEI – Get Free Report) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 124,300 shares, a decline of 26.6% from the February 28th total of 169,300 shares. Approximately 2.9% of the shares of the company are sold short. Based on an average daily volume of 959,800 shares, the short-interest ratio is presently 0.1 days.
Insider Transactions at Alset
In related news, CEO Heng Fai Ambrose Chan purchased 141,060 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were bought at an average price of $0.99 per share, with a total value of $139,649.40. Following the acquisition, the chief executive officer now owns 6,179,498 shares of the company’s stock, valued at $6,117,703.02. This trade represents a 2.34 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have acquired 311,304 shares of company stock worth $296,810 in the last ninety days. Company insiders own 62.10% of the company’s stock.
Alset Price Performance
Shares of AEI opened at $0.99 on Tuesday. Alset has a 1 year low of $0.46 and a 1 year high of $2.61. The stock’s fifty day moving average price is $0.94 and its two-hundred day moving average price is $1.13. The firm has a market cap of $10.63 million, a PE ratio of -0.23 and a beta of 1.24.
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.
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