Alset Inc. (NASDAQ:AEI) Sees Significant Decrease in Short Interest

Alset Inc. (NASDAQ:AEI) was the target of a large decline in short interest in the month of 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 trading volume of 52,993 shares, the short-interest ratio is presently 4.3 days. Currently, 6.1% of the company’s shares are short sold. Currently, 6.1% of the company’s shares are short sold. Based on an average trading volume of 52,993 shares, the short-interest ratio is presently 4.3 days.

Institutional Investors Weigh In On Alset

A number of institutional investors have recently modified their holdings of AEI. Two Sigma Investments LP purchased a new stake in shares of Alset in the 3rd quarter valued at $171,000. Bridgeway Capital Management LLC purchased a new stake in Alset during the third quarter worth about $254,000. Finally, Vanguard Group Inc. lifted its position 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 worth $1,564,000 after purchasing an additional 596,572 shares in the last quarter. 2.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Alset from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Alset in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Alset has an average rating of “Sell”.

Alset Price Performance

NASDAQ AEI opened at $2.99 on Tuesday. The stock has a market capitalization of $116.31 million, a P/E ratio of -2.51 and a beta of 1.43. The firm’s 50-day moving average is $2.97 and its two-hundred day moving average is $2.46. Alset has a 12 month low of $0.70 and a 12 month high of $4.55.

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

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.