Asset Entities Inc. (NASDAQ:ASST) Short Interest Update

Asset Entities Inc. (NASDAQ:ASST - Get Free Report) was the recipient of a significant increase in short interest in May. As of May 31st, there was short interest totalling 3,460,000 shares, an increase of 174.6% from the May 15th total of 1,260,000 shares. Currently, 23.5% of the shares of the company are short sold. Based on an average daily volume of 13,710,000 shares, the days-to-cover ratio is currently 0.3 days.

Asset Entities Trading Down 0.7%

ASST stock traded down $0.04 during trading on Monday, reaching $5.75. The stock had a trading volume of 2,174,431 shares, compared to its average volume of 8,570,278. The stock's 50 day moving average is $4.34 and its two-hundred day moving average is $1.89. The firm has a market cap of $90.69 million, a PE ratio of -2.96 and a beta of 18.68. Asset Entities has a 52 week low of $0.34 and a 52 week high of $13.42.

Asset Entities (NASDAQ:ASST - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported ($0.13) EPS for the quarter. Asset Entities had a negative return on equity of 252.93% and a negative net margin of 1,150.80%.

Insider Activity

In other Asset Entities news, Chairman Michael Gaubert sold 30,000 shares of the stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $7.44, for a total value of $223,200.00. Following the transaction, the chairman now owns 20,567 shares of the company's stock, valued at approximately $153,018.48. This represents a 59.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Matthew Krueger sold 26,400 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $8.23, for a total value of $217,272.00. Following the completion of the transaction, the chief financial officer now directly owns 5,000 shares in the company, valued at approximately $41,150. This represents a 84.08% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 56.47% of the company's stock.

About Asset Entities

Asset Entities Inc, a technology company, provides social media marketing and content delivery services across Discord, TikTok, and other social media platforms. It designs, develops, and manages servers for communities on Discord. The company offers discord investment education, entertainment, and marketing services.