Alset Inc. (NASDAQ:AEI) Short Interest Up 86.2% in August

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 during 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. Currently, 0.0% of the company's stock are short sold. Based on an average trading volume of 417,600 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 417,600 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company's stock are short sold.

Alset Stock Performance

Shares of NASDAQ AEI opened at $2.62 on Friday. The firm has a market cap of $102.76 million, a price-to-earnings ratio of -2.50 and a beta of 1.24. The business's 50-day simple moving average is $1.43 and its 200-day simple moving average is $1.09. Alset has a 52 week low of $0.70 and a 52 week high of $3.79.

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

Alset announced that its Board of Directors has authorized a stock repurchase plan on Monday, June 23rd that allows the company to buyback $1.00 million in shares. This buyback authorization allows the company to reacquire up to 10% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are 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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