Asset Entities Inc. (NASDAQ:ASST) Sees Significant Growth in Short Interest

Asset Entities Inc. (NASDAQ:ASST) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 102,800 shares, an increase of 5.3% from the May 31st total of 97,600 shares. Currently, 2.2% of the company’s shares are sold short. Based on an average daily trading volume, of 297,900 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Asset Entities

A hedge fund recently bought a new stake in Asset Entities stock. Symmetry Peak Management LLC purchased a new stake in Asset Entities Inc. (NASDAQ:ASST) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 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 reporting period. Institutional investors own 5.52% of the company’s stock.

Asset Entities Stock Performance

Shares of NASDAQ ASST opened at $1.68 on Wednesday. Asset Entities has a fifty-two week low of $1.46 and a fifty-two week high of $9.85. The company’s 50 day simple moving average is $2.05 and its 200 day simple moving average is $2.42.

Asset Entities (NASDAQ:ASST) last posted its quarterly earnings results on Wednesday, May 15th. The company reported ($0.50) earnings per share for the quarter. Asset Entities had a negative net margin of 1,538.71% and a negative return on equity of 153.10%. The company had revenue of $0.13 million during the quarter.

Asset Entities Company Profile

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.