Short Interest in AlTi Global, Inc. (NASDAQ:ALTI) Decreases By 15.7%

AlTi Global, Inc. (NASDAQ:ALTI) was the target of a large drop in short interest in April. As of April 15th, there was short interest totaling 1,436,224 shares, a drop of 15.7% from the March 31st total of 1,703,562 shares. Based on an average trading volume of 120,626 shares, the short-interest ratio is currently 11.9 days. Approximately 1.1% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of AlTi Global in a research note on Monday, April 20th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

Institutional Investors Weigh In On AlTi Global

Several large investors have recently made changes to their positions in the business. AQR Capital Management LLC increased its position in shares of AlTi Global by 8.2% during the 4th quarter. AQR Capital Management LLC now owns 37,424 shares of the basic materials company’s stock valued at $174,000 after purchasing an additional 2,824 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of AlTi Global by 15.4% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,280 shares of the basic materials company’s stock valued at $97,000 after purchasing an additional 3,109 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of AlTi Global by 25.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,157 shares of the basic materials company’s stock valued at $75,000 after purchasing an additional 3,679 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of AlTi Global by 110.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,729 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 4,581 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of AlTi Global by 8.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 63,707 shares of the basic materials company’s stock valued at $296,000 after purchasing an additional 5,178 shares during the last quarter. 3.57% of the stock is owned by hedge funds and other institutional investors.

AlTi Global Price Performance

Shares of AlTi Global stock opened at $3.60 on Friday. AlTi Global has a 1 year low of $2.96 and a 1 year high of $5.45. The firm has a market cap of $542.41 million, a PE ratio of -2.61 and a beta of 0.76. The stock has a fifty day moving average price of $3.88 and a 200-day moving average price of $4.16.

AlTi Global Company Profile

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.