Asset Entities Inc. (NASDAQ:ASST) Sees Significant Increase in Short Interest

Asset Entities Inc. (NASDAQ:ASST) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 3,460,000 shares, a growth of 174.6% from the May 15th total of 1,260,000 shares. Approximately 23.5% of the shares of the stock are short sold. Based on an average trading volume of 13,710,000 shares, the days-to-cover ratio is presently 0.3 days.

Insider Transactions at Asset Entities

In other Asset Entities news, Chairman Michael Gaubert sold 30,000 shares of the company’s stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $7.44, for a total transaction of $223,200.00. Following the transaction, the chairman now directly owns 20,567 shares in the company, valued at approximately $153,018.48. This represents a 59.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Matthew Krueger sold 26,400 shares of Asset Entities stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $8.23, for a total transaction of $217,272.00. Following the sale, the chief financial officer now owns 5,000 shares of the company’s stock, valued at approximately $41,150. This represents a 84.08% decrease in their position. The disclosure for this sale can be found here. 56.47% of the stock is owned by company insiders.

Asset Entities Price Performance

Asset Entities stock opened at $5.79 on Friday. The firm has a market capitalization of $91.32 million, a price-to-earnings ratio of -2.98 and a beta of 18.33. The company’s 50 day simple moving average is $4.24 and its 200 day simple moving average is $1.83. Asset Entities has a fifty-two week low of $0.34 and a fifty-two week high of $13.42.

Asset Entities (NASDAQ:ASST) last announced its quarterly earnings results on Thursday, May 15th. The company reported ($0.13) earnings per share (EPS) for the quarter. Asset Entities had a negative net margin of 1,150.80% and a negative return on equity of 252.93%.

Asset Entities Company Profile

Asset Entities Inc, a technology company, provides social media marketing and content delivery services across Discord, TikTok, and other social media platforms. It designs, develops, and manages servers for communities on Discord. The company offers discord investment education, entertainment, and marketing services.