Short Interest in AlTi Global, Inc. (NASDAQ:ALTI) Rises By 30.3%

AlTi Global, Inc. (NASDAQ:ALTI) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 1,703,562 shares, an increase of 30.3% from the March 15th total of 1,307,105 shares. Based on an average daily volume of 182,167 shares, the short-interest ratio is currently 9.4 days. Approximately 1.3% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of AlTi Global in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, AlTi Global presently has a consensus rating of “Reduce”.

AlTi Global Stock Performance

Shares of NASDAQ:ALTI opened at $3.69 on Friday. AlTi Global has a one year low of $2.96 and a one year high of $5.45. The stock has a fifty day moving average of $4.02 and a 200-day moving average of $4.14. The company has a market capitalization of $555.97 million, a PE ratio of -2.67 and a beta of 0.83.

Hedge Funds Weigh In On AlTi Global

Several institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its position in AlTi Global by 110.4% during the third quarter. BNP Paribas Financial Markets now owns 8,729 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 4,581 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of AlTi Global by 158.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,644 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 5,912 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of AlTi Global during the 4th quarter worth about $63,000. AQR Capital Management LLC bought a new stake in shares of AlTi Global in the first quarter valued at approximately $42,000. Finally, The Manufacturers Life Insurance Company increased its stake in AlTi Global by 25.4% during the second quarter. The Manufacturers Life Insurance Company now owns 18,157 shares of the basic materials company’s stock valued at $75,000 after acquiring an additional 3,679 shares during the period. 3.57% of the stock is currently owned by hedge funds and other institutional investors.

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.