Short Interest in Asset Entities Inc. (NASDAQ:ASST) Grows By 81.3%

Asset Entities Inc. (NASDAQ:ASST) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 23,200 shares, an increase of 81.3% from the October 15th total of 12,800 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average daily volume of 5,070,000 shares, the short-interest ratio is presently 0.0 days.

Asset Entities Trading Up 2.2 %

Asset Entities stock traded up $0.01 during trading on Friday, reaching $0.66. The company had a trading volume of 21,613,592 shares, compared to its average volume of 1,699,895. The firm’s 50-day simple moving average is $1.22 and its 200 day simple moving average is $1.58. Asset Entities has a 52 week low of $0.61 and a 52 week high of $5.10. The firm has a market capitalization of $2.03 million, a price-to-earnings ratio of -0.38 and a beta of 8.36.

Asset Entities (NASDAQ:ASST) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.58) earnings per share for the quarter. Asset Entities had a negative net margin of 1,574.65% and a negative return on equity of 207.47%. The firm had revenue of $0.09 million for the quarter.

Insider Buying and Selling at Asset Entities

In other Asset Entities news, major shareholder Jackson Fairbanks sold 10,866 shares of Asset Entities stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $2.31, for a total value of $25,100.46. Following the completion of the sale, the insider now owns 21,734 shares of the company’s stock, valued at approximately $50,205.54. The trade was a 33.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Matthew Krueger sold 76,723 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $1.55, for a total value of $118,920.65. Following the completion of the transaction, the chief financial officer now directly owns 26,400 shares in the company, valued at approximately $40,920. This represents a 74.40 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 333,037 shares of company stock worth $632,846. Insiders own 56.47% of the company’s stock.

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.