Asset Entities Inc. (NASDAQ:ASST) Short Interest Up 1,497.9% in December

Asset Entities Inc. (NASDAQ:ASST) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 615,200 shares, a growth of 1,497.9% from the November 30th total of 38,500 shares. Currently, 15.3% of the shares of the stock are sold short. Based on an average daily volume of 3,570,000 shares, the days-to-cover ratio is presently 0.2 days.

Asset Entities Price Performance

NASDAQ ASST traded up $0.08 on Thursday, reaching $0.52. 1,290,445 shares of the company’s stock traded hands, compared to its average volume of 2,340,404. The stock has a market cap of $2.29 million, a PE ratio of -0.27 and a beta of 7.18. Asset Entities has a 12 month low of $0.34 and a 12 month high of $4.35. The stock has a 50-day simple moving average of $0.68 and a 200 day simple moving average of $1.25.

About Asset Entities

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.