Short Interest in Alset Inc. (NASDAQ:AEI) Rises By 794.1%

Alset Inc. (NASDAQ:AEI) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 30,400 shares, an increase of 794.1% from the March 31st total of 3,400 shares. Based on an average daily volume of 34,900 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.7% of the shares of the company are sold short.

Alset Trading Down 3.4 %

Shares of Alset stock traded down $0.02 during trading hours on Thursday, reaching $0.57. 23,212 shares of the stock traded hands, compared to its average volume of 38,338. The company has a 50 day moving average price of $0.79 and a 200 day moving average price of $1.04. Alset has a one year low of $0.57 and a one year high of $2.08.

Alset (NASDAQ:AEI) last announced its quarterly earnings data on Monday, April 1st. The company reported ($3.66) earnings per share (EPS) for the quarter. The company had revenue of $1.02 million for the quarter. Alset had a negative net margin of 266.86% and a negative return on equity of 45.78%.

About Alset

Alset Inc, together with its subsidiaries, 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.