Asset Entities Inc. (NASDAQ:ASST) Sees Large Increase in Short Interest

Asset Entities Inc. (NASDAQ:ASST - Get Free Report) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 1,260,000 shares, an increase of 458.0% from the April 30th total of 225,800 shares. Based on an average trading volume of 12,960,000 shares, the short-interest ratio is currently 0.1 days. Currently, 9.1% of the shares of the company are short sold.

Asset Entities Stock Performance

ASST traded down $0.60 during trading hours on Friday, reaching $6.96. The company's stock had a trading volume of 5,620,857 shares, compared to its average volume of 8,409,404. Asset Entities has a 52 week low of $0.34 and a 52 week high of $13.42. The company's 50-day moving average is $3.06 and its 200-day moving average is $1.44. The firm has a market cap of $109.77 million, a PE ratio of -3.59 and a beta of 4.84.

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

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.