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

Alset Inc. (NASDAQ:AEI) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 12,100 shares, an increase of 86.2% from the August 15th total of 6,500 shares. Based on an average daily volume of 417,600 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 417,600 shares, the short-interest ratio is currently 0.0 days.

Alset Trading Up 22.5%

AEI stock opened at $3.21 on Tuesday. The stock’s fifty day simple moving average is $1.48 and its two-hundred day simple moving average is $1.11. Alset has a 1-year low of $0.70 and a 1-year high of $3.79. The stock has a market cap of $125.90 million, a P/E ratio of -3.06 and a beta of 1.24.

Alset (NASDAQ:AEI) last posted its quarterly earnings data on Thursday, August 14th. The company reported ($0.71) earnings per share for the quarter. The business had revenue of $1.10 million during the quarter. Alset had a negative return on equity of 14.31% and a negative net margin of 77.86%.

Alset announced that its Board of Directors has initiated a stock buyback plan on Monday, June 23rd that permits the company to repurchase $1.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 10% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Alset Company Profile

Alset Inc engages in the real estate development, financial services, digital transformation technologies, biohealth activities, and consumer products businesses in the United States, Singapore, Hong Kong, Australia, and South Korea. It operates through four segments: Real Estate, Digital Transformation Technology, Biohealth, and Other Business Activities segments.