Alset Inc. (NASDAQ:AEI) Short Interest Update

Alset Inc. (NASDAQ:AEI) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 6,200 shares, adecreaseof51.9% from the July 15th total of 12,900 shares. Approximately0.1% of the company’s shares are short sold. Based on an average daily volume of 102,600 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 102,600 shares, the days-to-cover ratio is currently 0.1 days. Approximately0.1% of the company’s shares are short sold.

Alset Trading Up 0.4%

NASDAQ AEI opened at $1.18 on Friday. The stock has a 50-day simple moving average of $1.11 and a 200 day simple moving average of $0.99. The company has a market capitalization of $13.84 million, a PE ratio of -1.12 and a beta of 1.23. Alset has a 12 month low of $0.70 and a 12 month high of $2.61.

Alset (NASDAQ:AEI) last announced its quarterly earnings results on Thursday, August 14th. The company reported ($0.71) earnings per share (EPS) for the quarter. Alset had a negative return on equity of 13.98% and a negative net margin of 77.86%. The business had revenue of $1.10 million during the quarter.

Alset announced that its Board of Directors has initiated a stock repurchase program on Monday, June 23rd that allows the company to repurchase $1.00 million in shares. This repurchase authorization allows the company to purchase up to 10% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

About Alset

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.