AlTi Global, Inc. (NASDAQ:ALTI) Short Interest Update

by · The Cerbat Gem

AlTi Global, Inc. (NASDAQ:ALTI – Get Free Report) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 1,667,083 shares, an increase of 35.5% from the November 30th total of 1,230,690 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average daily trading volume, of 220,931 shares, the short-interest ratio is currently 7.5 days. Based on an average daily trading volume, of 220,931 shares, the short-interest ratio is currently 7.5 days. Currently, 1.3% of the shares of the company are sold short.

Institutional Investors Weigh In On AlTi Global

Hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets grew its position in shares of AlTi Global by 110.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,729 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 4,581 shares during the period. Tower Research Capital LLC TRC boosted its position in AlTi Global by 158.4% during the second quarter. Tower Research Capital LLC TRC now owns 9,644 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 5,912 shares in the last quarter. AQR Capital Management LLC acquired a new stake in AlTi Global in the first quarter valued at approximately $42,000. The Manufacturers Life Insurance Company grew its holdings in AlTi Global by 25.4% in the second quarter. The Manufacturers Life Insurance Company now owns 18,157 shares of the basic materials company’s stock valued at $75,000 after purchasing an additional 3,679 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of AlTi Global by 15.4% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,280 shares of the basic materials company’s stock valued at $97,000 after buying an additional 3,109 shares in the last quarter. 3.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ALTI has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of AlTi Global in a research report on Wednesday, October 8th. Zacks Research upgraded shares of AlTi Global from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

View Our Latest Stock Analysis on AlTi Global

AlTi Global Trading Up 0.7%

AlTi Global stock opened at $4.64 on Thursday. The firm has a market cap of $680.46 million, a PE ratio of -2.56 and a beta of 0.77. AlTi Global has a 12 month low of $2.33 and a 12 month high of $5.45. The stock’s 50 day simple moving average is $4.29 and its two-hundred day simple moving average is $4.14.

AlTi Global (NASDAQ:ALTI – Get Free Report) last posted its earnings results on Thursday, April 20th. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter. AlTi Global had a negative net margin of 71.93% and a negative return on equity of 6.77%. The firm had revenue of ($18.58) million during the quarter. On average, equities research analysts forecast that AlTi Global will post -0.14 EPS for the current year.

About AlTi Global

(Get Free Report)

AlTi Global, Inc provides wealth and asset management services individuals, families, foundations, and institutions in the United States, the United Kingdom, and internationally. It operates through two segments, Wealth Management and Strategic Alternatives. The company offers discretionary investment management, non-discretionary investment advisory, and investment management and advisory services. It also provides trust and administration services, such as entity formation and management; creating or modifying trust instruments and administrative practices to meet beneficiary needs; corporate, trustee-executor, and fiduciary services; provision of directors and company secretarial services; administering entity ownership of intellectual property rights; advisory and administration services in connection with investments in marine and aviation assets; and administering entity ownership of fine art and collectibles.

Further Reading