Short Interest in Alset Inc. (NASDAQ:AEI) Drops By 17.7%

Alset Inc. (NASDAQ:AEI) saw a significant decline in short interest in January. As of January 15th, there was short interest totaling 229,167 shares, a decline of 17.7% from the December 31st total of 278,386 shares. Based on an average daily volume of 52,993 shares, the days-to-cover ratio is currently 4.3 days. Currently, 6.1% of the shares of the stock are sold short. Currently, 6.1% of the shares of the stock are sold short. Based on an average daily volume of 52,993 shares, the days-to-cover ratio is currently 4.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Alset by 2,757.1% during the third quarter. Vanguard Group Inc. now owns 618,210 shares of the company’s stock valued at $1,564,000 after acquiring an additional 596,572 shares during the last quarter. Bridgeway Capital Management LLC bought a new position in Alset during the 3rd quarter valued at approximately $254,000. Finally, Two Sigma Investments LP purchased a new stake in Alset in the 3rd quarter worth approximately $171,000. Institutional investors own 2.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AEI shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Alset in a research note on Wednesday, January 21st. Wall Street Zen upgraded shares of Alset from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Alset Stock Down 8.4%

Shares of NASDAQ:AEI opened at $2.74 on Wednesday. The stock has a market cap of $106.59 million, a PE ratio of -2.30 and a beta of 1.43. The company’s fifty day moving average is $2.97 and its 200 day moving average is $2.47. Alset has a 52 week low of $0.70 and a 52 week high of $4.55.

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

Alset Company Profile

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.