Alset Inc. (NASDAQ:AEI) Short Interest Update

Key Points

• Alset Inc. saw a dramatic increase in short interest of 476.2% in September, totaling 447,100 shares by the end of the month.
• The company's average rating among analysts is a "Sell", with Wall Street Zen and Weiss Ratings both issuing sell recommendations.
• CEO Heng Fai Ambrose Chan sold 500,000 shares at an average price of $2.67, reducing his ownership stake by 1.57%.

Alset Inc. (NASDAQ:AEI - Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 447,100 shares, an increase of 476.2% from the September 15th total of 77,600 shares. Based on an average trading volume of 581,400 shares, the short-interest ratio is currently 0.8 days. Approximately 11.1% of the company's stock are sold short. Approximately 11.1% of the company's stock are sold short. Based on an average trading volume of 581,400 shares, the short-interest ratio is currently 0.8 days.

Wall Street Analyst Weigh In

AEI has been the topic of several recent research reports. Wall Street Zen upgraded shares of Alset to a "sell" rating in a research note on Saturday, October 4th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Alset in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of "Sell".

Insider Activity at Alset

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

Alset Price Performance

Shares of AEI opened at $2.58 on Friday. The firm has a 50-day moving average of $2.22 and a 200-day moving average of $1.41. Alset has a one year low of $0.70 and a one year high of $4.55. The company has a market cap of $101.19 million, a PE ratio of -2.46 and a beta of 1.41.

Alset (NASDAQ:AEI - Get Free Report) last announced 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 firm had revenue of $1.10 million during the quarter.

Alset declared that its Board of Directors has approved a share repurchase plan on Monday, June 23rd that permits the company to repurchase $1.00 million in shares. This repurchase authorization permits the company to buy up to 10% of its shares through open market purchases. Shares repurchase 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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