Asset Entities Inc. (NASDAQ:ASST) Short Interest Down 64.1% in April

Asset Entities Inc. (NASDAQ:ASST) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totalling 68,900 shares, a drop of 64.1% from the March 31st total of 191,900 shares. Based on an average trading volume of 736,700 shares, the short-interest ratio is presently 0.1 days. Approximately 1.8% of the shares of the stock are short sold.

Asset Entities Stock Performance

Shares of ASST traded down $0.01 during trading hours on Friday, reaching $0.38. 71,097 shares of the company’s stock traded hands, compared to its average volume of 153,322. The firm’s 50 day simple moving average is $0.52 and its 200-day simple moving average is $0.50. Asset Entities has a 12 month low of $0.29 and a 12 month high of $3.49.

Asset Entities (NASDAQ:ASST) last released its quarterly earnings results on Tuesday, April 2nd. The company reported ($0.09) EPS for the quarter. The company had revenue of $0.08 million during the quarter. Asset Entities had a negative return on equity of 111.62% and a negative net margin of 1,780.15%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Asset Entities stock. Symmetry Peak Management LLC purchased a new position in shares of Asset Entities Inc. (NASDAQ:ASST) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 60,961 shares of the company’s stock, valued at approximately $39,000. Symmetry Peak Management LLC owned about 0.44% of Asset Entities as of its most recent SEC filing. Hedge funds and other institutional investors own 5.52% of the company’s stock.

About Asset Entities

Asset Entities Inc, a technology company, provides social media marketing and content delivery services across Discord, TikTok, and other social media platforms. It also designs, develops, and manages servers for communities on Discord. The company was founded in 2020 and is based in Dallas, Texas. Asset Entities Inc is a subsidiary of Asset Entities Holdings, Llc.