Alset Inc. (NASDAQ:AEI) Short Interest Update

Key Points

• Alset Inc. (NASDAQ:AEI) experienced an 86.2% increase in short interest, rising from 6,500 shares to 12,100 shares in August.
• The company reported a negative EPS of ($0.71) and a negative net margin of 77.86% for the quarter ending August 14th, with revenues of $1.10 million.
• Alset has authorized a $1.00 million stock buyback plan, indicating that the company's leadership believes its shares are undervalued.

Alset Inc. (NASDAQ:AEI - Get Free Report) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 12,100 shares, an increase of 86.2% from the August 15th total of 6,500 shares. Based on an average trading volume of 417,600 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 417,600 shares, the short-interest ratio is currently 0.0 days.

Insiders Place Their Bets

In other Alset news, CEO Heng Fai Ambrose Chan sold 500,000 shares of the company's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $2.67, for a total value of $1,335,000.00. Following the transaction, the chief executive officer directly owned 31,322,903 shares of the company's stock, valued at $83,632,151.01. This represents a 1.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 62.10% of the company's stock.

Alset Price Performance

NASDAQ:AEI traded up $0.27 during trading hours on Thursday, hitting $3.45. The company's stock had a trading volume of 951,879 shares, compared to its average volume of 1,471,925. The stock has a fifty day simple moving average of $1.63 and a 200-day simple moving average of $1.16. The company has a market capitalization of $135.31 million, a P/E ratio of -3.29 and a beta of 1.24. Alset has a twelve month low of $0.70 and a twelve month high of $4.55.

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

Alset announced that its board has approved a stock buyback plan on Monday, June 23rd that permits the company to buyback $1.00 million in shares. This buyback authorization permits the company to buy up to 10% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership 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.