Asset Entities Inc. (NASDAQ:ASST – Get Free Report) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 350,800 shares, an increase of 427.5% from the August 15th total of 66,500 shares. Based on an average daily volume of 5,140,000 shares, the short-interest ratio is presently 0.1 days. Currently, 25.8% of the shares of the company are sold short.
Asset Entities Stock Up 4.3 %
Shares of Asset Entities stock traded up $0.09 during mid-day trading on Thursday, reaching $2.17. 385,730 shares of the stock traded hands, compared to its average volume of 1,973,507. The stock has a market capitalization of $6.53 million, a PE ratio of -1.19 and a beta of 8.38. The business has a 50-day moving average of $1.55 and a 200 day moving average of $2.04. Asset Entities has a fifty-two week low of $0.87 and a fifty-two week high of $5.10.
Asset Entities (NASDAQ:ASST – Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.58) EPS for the quarter. Asset Entities had a negative net margin of 1,574.65% and a negative return on equity of 207.47%. The firm had revenue of $0.09 million during the quarter.
Insiders Place Their Bets
Institutional Trading of Asset Entities
An institutional investor recently bought a new position in Asset Entities stock. Symmetry Peak Management LLC purchased a new stake in Asset Entities Inc. (NASDAQ:ASST – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 60,961 shares of the company’s stock, valued at approximately $39,000. Symmetry Peak Management LLC owned approximately 0.44% of Asset Entities at the end of the most recent reporting period. 5.52% of the stock is owned by institutional investors and hedge funds.
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 designs, develops, and manages servers for communities on Discord. The company offers discord investment education, entertainment, and marketing services.
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