AlTi Global, Inc. (NASDAQ:ALTI) Short Interest Update

AlTi Global, Inc. (NASDAQ:ALTI) was the recipient of a large drop in short interest in January. As of January 31st, there was short interest totalling 917,500 shares, a drop of 10.0% from the January 15th total of 1,020,000 shares. Based on an average daily volume of 105,100 shares, the days-to-cover ratio is presently 8.7 days. Currently, 2.8% of the shares of the stock are sold short.

AlTi Global Trading Up 5.8 %

AlTi Global stock opened at $3.47 on Tuesday. The stock has a market cap of $485.21 million, a PE ratio of -1.98 and a beta of 0.71. The stock has a 50-day moving average price of $4.11 and a 200 day moving average price of $4.12. AlTi Global has a 52 week low of $3.24 and a 52 week high of $7.25. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 0.17.

Institutional Trading of AlTi Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its holdings in AlTi Global by 58.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 432,617 shares of the basic materials company’s stock valued at $1,618,000 after buying an additional 159,357 shares during the period. Geode Capital Management LLC grew its holdings 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 buying an additional 318,860 shares during the period. State Street Corp grew its holdings 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 buying an additional 28,689 shares during the period. JPMorgan Chase & Co. grew its holdings 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 buying an additional 3,925 shares during the period. Finally, Barclays PLC grew its holdings 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 buying an additional 32,269 shares during the period. Hedge funds and other institutional investors own 3.57% of the company’s stock.

AlTi Global Company Profile

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.