Short Interest in Alset Inc. (NASDAQ:AEI) Decreases By 89.2%

Alset Inc. (NASDAQ:AEI) saw a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 1,400 shares, a decrease of 89.2% from the October 31st total of 13,000 shares. Based on an average daily trading volume, of 41,500 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the company’s shares are short sold.

Alset Stock Up 12.0 %

AEI opened at $1.21 on Friday. The stock has a market cap of $11.17 million, a PE ratio of -0.28 and a beta of 1.26. The company has a fifty day moving average of $1.40 and a 200-day moving average of $1.20. Alset has a twelve month low of $0.46 and a twelve month high of $2.05.

Insider Transactions at Alset

In other news, CEO Heng Fai Ambrose Chan acquired 6,034,537 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was bought at an average cost of $0.63 per share, for a total transaction of $3,801,758.31. Following the completion of the transaction, the chief executive officer now directly owns 19,264,692 shares in the company, valued at $12,136,755.96. This represents a 45.61 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 66.70% of the stock is currently owned by corporate insiders.

Alset Company Profile

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.