AlTi Global, Inc. (NASDAQ:ALTI) Short Interest Up 35.5% in December

AlTi Global, Inc. (NASDAQ:ALTI) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 1,667,083 shares, an increase of 35.5% from the November 30th total of 1,230,690 shares. Based on an average daily volume of 220,931 shares, the days-to-cover ratio is currently 7.5 days. Approximately 1.3% of the shares of the company are short sold. Approximately 1.3% of the shares of the company are short sold. Based on an average daily volume of 220,931 shares, the days-to-cover ratio is currently 7.5 days.

Institutional Trading of AlTi Global

A number of institutional investors have recently bought and sold shares of ALTI. Allianz SE increased its position in shares of AlTi Global by 7.9% in the third quarter. Allianz SE now owns 20,841,870 shares of the basic materials company’s stock valued at $74,197,000 after buying an additional 1,523,289 shares in the last quarter. Yorkville Advisors Global LP acquired a new stake in AlTi Global in the 3rd quarter valued at about $1,593,000. George Kaiser Family Foundation purchased a new position in AlTi Global during the 3rd quarter valued at about $1,039,000. Prescott Group Capital Management L.L.C. acquired a new position in AlTi Global during the third quarter worth about $1,039,000. Finally, Geode Capital Management LLC lifted its holdings in shares of AlTi Global by 15.2% in the second quarter. Geode Capital Management LLC now owns 1,298,545 shares of the basic materials company’s stock valued at $5,390,000 after purchasing an additional 170,951 shares in the last quarter. 3.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Zacks Research upgraded shares of AlTi Global from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of AlTi Global in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

AlTi Global Stock Down 0.6%

NASDAQ:ALTI opened at $4.67 on Tuesday. AlTi Global has a fifty-two week low of $2.33 and a fifty-two week high of $5.45. The stock has a market cap of $684.86 million, a PE ratio of -2.58 and a beta of 0.77. The firm’s fifty day simple moving average is $4.26 and its 200-day simple moving average is $4.13.

AlTi Global (NASDAQ:ALTI) last released its quarterly earnings data on Thursday, April 20th. The basic materials company reported ($0.11) EPS for the quarter. AlTi Global had a negative return on equity of 6.77% and a negative net margin of 71.93%.The company had revenue of ($18.58) million for the quarter. Equities analysts anticipate that AlTi Global will post -0.14 earnings per share for the current year.

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. It also provides trust and administration services, such as entity formation and management; creating or modifying trust instruments and administrative practices to meet beneficiary needs; corporate, trustee-executor, and fiduciary services; provision of directors and company secretarial services; administering entity ownership of intellectual property rights; advisory and administration services in connection with investments in marine and aviation assets; and administering entity ownership of fine art and collectibles.