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

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

Insider Buying and Selling

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

Asset Entities Stock Performance

Shares of ASST stock traded down $0.44 on Friday, reaching $5.79. 1,348,116 shares of the company's stock traded hands, compared to its average volume of 8,561,686. The business's 50 day moving average price is $4.13 and its two-hundred day moving average price is $1.80. The company has a market capitalization of $91.32 million, a P/E ratio of -2.98 and a beta of 18.33. Asset Entities has a 12-month low of $0.34 and a 12-month high of $13.42.

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

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.