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

AlTi Global, Inc. (NASDAQ:ALTI) was the recipient of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 917,500 shares, a drop of 10.0% from the January 15th total of 1,020,000 shares. Based on an average daily volume of 105,100 shares, the days-to-cover ratio is currently 8.7 days. Approximately 2.8% of the shares of the company are short sold.

Institutional Investors Weigh In On AlTi Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets purchased a new position in shares of AlTi Global in the fourth quarter valued at $25,000. Dimensional Fund Advisors LP purchased a new position in shares of AlTi Global in the fourth quarter valued at $44,000. Intech Investment Management LLC purchased a new position in shares of AlTi Global in the fourth quarter valued at $46,000. Invesco Ltd. purchased a new position in shares of AlTi Global in the fourth quarter valued at $46,000. Finally, SG Americas Securities LLC purchased a new position in shares of AlTi Global in the third quarter valued at $63,000. Institutional investors and hedge funds own 3.57% of the company’s stock.

AlTi Global Price Performance

Shares of NASDAQ ALTI opened at $3.47 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.05 and a quick ratio of 4.05. The stock has a fifty day moving average price of $4.11 and a 200 day moving average price of $4.12. AlTi Global has a 1-year low of $3.24 and a 1-year high of $7.25. The company has a market cap of $485.21 million, a PE ratio of -1.98 and a beta of 0.71.

About AlTi Global

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.