Alset Inc. (NASDAQ:AEI) Sees Significant Decrease in Short Interest

by · The Cerbat Gem

Alset Inc. (NASDAQ:AEI – Get Free Report) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 305,527 shares, a decline of 18.9% from the November 30th total of 376,915 shares. Currently, 8.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 45,969 shares, the days-to-cover ratio is currently 6.6 days. Based on an average daily trading volume, of 45,969 shares, the days-to-cover ratio is currently 6.6 days. Currently, 8.1% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on AEI shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Alset in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Alset from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Read Our Latest Research Report on Alset

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Alset by 2,757.1% during the 3rd quarter. Vanguard Group Inc. now owns 618,210 shares of the company’s stock worth $1,564,000 after purchasing an additional 596,572 shares during the period. Bridgeway Capital Management LLC purchased a new stake in shares of Alset in the third quarter valued at $254,000. Finally, Two Sigma Investments LP acquired a new position in Alset in the third quarter valued at $171,000. 2.74% of the stock is currently owned by institutional investors and hedge funds.

Alset Trading Up 25.5%

Alset stock opened at $3.44 on Thursday. The stock has a 50-day moving average price of $2.71 and a 200 day moving average price of $2.10. Alset has a 52 week low of $0.70 and a 52 week high of $4.55. The stock has a market cap of $133.82 million, a PE ratio of -2.89 and a beta of 1.43.

Alset (NASDAQ:AEI – Get Free Report) last released its quarterly earnings results on Friday, November 14th. The company reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $1.00 million for the quarter. Alset had a negative net margin of 105.02% and a negative return on equity of 12.09%.

Alset Company Profile

(Get Free Report)

Alset Environmental, Inc (NASDAQ:AEI) is a technology company focused on the development and commercialization of advanced pyrolysis systems for the recycling of end-of-life tires and plastic waste. The firm’s solutions are built around its proprietary HydroPyrolysis Reactor, which uses hydrothermal conditions to break down complex hydrocarbon feedstocks into valuable byproducts. By converting tire rubber and mixed plastics into recovered carbon black, pyrolysis oil, syngas and steel, Alset aims to provide an environmentally sustainable alternative to traditional disposal and incineration methods.

The company’s HydroPyrolysis technology operates at moderate temperatures and pressures to maximize yield and purity of carbon-rich outputs.

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