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

AlTi Global, Inc. (NASDAQ:ALTI) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 916,200 shares, a drop of 17.5% from the March 15th total of 1,110,000 shares. Based on an average trading volume of 113,600 shares, the days-to-cover ratio is currently 8.1 days. Currently, 1.7% of the shares of the company are sold short.

AlTi Global Stock Performance

ALTI opened at $3.26 on Monday. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 0.17. The stock’s 50 day moving average price is $3.16 and its two-hundred day moving average price is $3.84. The firm has a market capitalization of $463.70 million, a P/E ratio of -1.86 and a beta of 0.78. AlTi Global has a 12-month low of $2.33 and a 12-month high of $5.45.

AlTi Global (NASDAQ:ALTI) last released its earnings results on Thursday, March 13th. The basic materials company reported ($0.63) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.65). AlTi Global had a negative net margin of 41.51% and a positive return on equity of 2.31%. The company had revenue of $53.33 million during the quarter, compared to the consensus estimate of $74.60 million. During the same quarter in the previous year, the business posted ($0.88) EPS. On average, equities analysts forecast that AlTi Global will post -0.14 earnings per share for the current year.

Institutional Investors Weigh In On AlTi Global

Several large investors have recently made changes to their positions in ALTI. Allianz SE acquired a new stake in AlTi Global during the 4th quarter valued at $85,581,000. Geode Capital Management LLC lifted its position in AlTi Global by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,095,057 shares of the basic materials company’s stock worth $4,831,000 after buying an additional 14,868 shares in the last quarter. BOKF NA bought a new stake in AlTi Global during the 4th quarter worth about $2,407,000. State Street Corp increased its position in AlTi Global by 5.6% in the 3rd quarter. State Street Corp now owns 540,213 shares of the basic materials company’s stock valued at $2,020,000 after acquiring an additional 28,689 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of AlTi Global by 8.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 467,415 shares of the basic materials company’s stock worth $2,061,000 after purchasing an additional 34,798 shares in the last quarter. Institutional investors own 3.57% of the company’s stock.

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.