Alset Inc. (NASDAQ:AEI) Short Interest Update

Alset Inc. (NASDAQ:AEI) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 305,527 shares, a decline of 18.9% from the November 30th total of 376,915 shares. Currently, 8.1% of the shares of the stock are short sold. Based on an average daily volume of 45,969 shares, the days-to-cover ratio is currently 6.6 days. Based on an average daily volume of 45,969 shares, the days-to-cover ratio is currently 6.6 days. Currently, 8.1% of the shares of the stock are short sold.

Alset Stock Performance

Shares of NASDAQ:AEI opened at $2.74 on Wednesday. Alset has a 1 year low of $0.70 and a 1 year high of $4.55. The stock has a 50-day simple moving average of $2.69 and a 200-day simple moving average of $2.09. The stock has a market capitalization of $106.59 million, a P/E ratio of -2.30 and a beta of 1.43.

Alset (NASDAQ:AEI) last issued its quarterly earnings data on Friday, November 14th. The company reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $1.00 million during the quarter. Alset had a negative net margin of 105.02% and a negative return on equity of 12.09%.

Wall Street Analyst Weigh In

AEI has been the topic of several research reports. Wall Street Zen raised Alset from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Alset in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Alset

A number of institutional investors have recently made changes to their positions in the business. Two Sigma Investments LP bought a new stake in shares of Alset in the third quarter worth $171,000. Bridgeway Capital Management LLC acquired a new position in shares of Alset in the 3rd quarter valued at about $254,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Alset by 2,757.1% in the 3rd quarter. Vanguard Group Inc. now owns 618,210 shares of the company’s stock valued at $1,564,000 after buying an additional 596,572 shares during the period. 2.74% of the stock is owned by institutional investors and hedge funds.

About Alset

Alset Environmental, Inc (NASDAQ:AEI) is a technology company focused on the development and commercialization of advanced pyrolysis systems for the recycling of end-of-life tires and plastic waste. The firm’s solutions are built around its proprietary HydroPyrolysis Reactor, which uses hydrothermal conditions to break down complex hydrocarbon feedstocks into valuable byproducts. By converting tire rubber and mixed plastics into recovered carbon black, pyrolysis oil, syngas and steel, Alset aims to provide an environmentally sustainable alternative to traditional disposal and incineration methods.

The company’s HydroPyrolysis technology operates at moderate temperatures and pressures to maximize yield and purity of carbon-rich outputs.