Short Interest in Asset Entities Inc. (NASDAQ:ASST) Rises By 427.5%

Asset Entities Inc. (NASDAQ:ASST) 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) 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

In related news, Chairman Michael Gaubert sold 15,033 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $2.22, for a total value of $33,373.26. Following the completion of the transaction, the chairman now directly owns 30,067 shares in the company, valued at approximately $66,748.74. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CMO Kyle Fairbanks sold 13,333 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $1.90, for a total transaction of $25,332.70. Following the completion of the transaction, the chief marketing officer now directly owns 26,667 shares of the company’s stock, valued at approximately $50,667.30. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Michael Gaubert sold 15,033 shares of Asset Entities stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $2.22, for a total transaction of $33,373.26. Following the completion of the sale, the chairman now directly owns 30,067 shares in the company, valued at approximately $66,748.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,631 shares of company stock worth $159,950. Corporate insiders own 60.31% of the company’s stock.

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) 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.