Alset Inc. (NASDAQ:AEI) Sees Large Increase in Short Interest

Key Points

• Alset Inc. (NASDAQ: AEI) experienced a significant increase in short interest of 541.3% in September, bringing the total to 77,600 shares sold short.
• CEO Heng Fai Ambrose Chan sold 500,000 shares of Alset stock for $1.34 million, resulting in a 1.57% decrease in his ownership position.
• Alset's quarterly earnings report showed a loss of ($0.71) EPS and a negative net margin of 77.86%, highlighting ongoing financial challenges.

Alset Inc. (NASDAQ:AEI - Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 77,600 shares, an increase of 541.3% from the August 31st total of 12,100 shares. Based on an average daily volume of 588,500 shares, the short-interest ratio is presently 0.1 days. Approximately 1.9% of the company's shares are sold short. Approximately 1.9% of the company's shares are sold short. Based on an average daily volume of 588,500 shares, the short-interest ratio is presently 0.1 days.

Insider Activity at Alset

In other news, CEO Heng Fai Ambrose Chan sold 500,000 shares of the firm's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $2.67, for a total value of $1,335,000.00. Following the completion of the sale, the chief executive officer directly owned 31,322,903 shares of the company's stock, valued at approximately $83,632,151.01. This trade represents a 1.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 62.10% of the company's stock.

Alset Price Performance

Shares of NASDAQ AEI opened at $2.53 on Wednesday. Alset has a 1 year low of $0.70 and a 1 year high of $4.55. The stock has a market cap of $99.23 million, a P/E ratio of -2.41 and a beta of 1.24. The firm has a 50-day moving average of $1.88 and a 200 day moving average of $1.27.

Alset (NASDAQ:AEI - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported ($0.71) earnings per share (EPS) for the quarter. Alset had a negative net margin of 77.86% and a negative return on equity of 14.31%. The business had revenue of $1.10 million for the quarter.

Alset declared that its Board of Directors has initiated a share repurchase plan on Monday, June 23rd that allows the company to buyback $1.00 million in shares. This buyback authorization allows the company to repurchase up to 10% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

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.

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