Asset Entities Inc. (NASDAQ:ASST) Sees Large Decrease in Short Interest

Asset Entities Inc. (NASDAQ:ASST) saw a significant decrease in short interest in October. As of October 15th, there was short interest totalling 12,800 shares, a decrease of 21.0% from the September 30th total of 16,200 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 5,050,000 shares, the short-interest ratio is currently 0.0 days.

Asset Entities Price Performance

Asset Entities stock traded down $0.01 during mid-day trading on Monday, reaching $0.93. 18,832 shares of the stock traded hands, compared to its average volume of 1,700,246. Asset Entities has a 12-month low of $0.87 and a 12-month high of $5.10. The business’s 50-day moving average is $1.46 and its 200-day moving average is $1.69. The stock has a market capitalization of $2.80 million, a PE ratio of -0.49 and a beta of 8.38.

Asset Entities (NASDAQ:ASST) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.58) earnings per share (EPS) for the quarter. The business had revenue of $0.09 million for the quarter. Asset Entities had a negative net margin of 1,574.65% and a negative return on equity of 207.47%.

Insider Buying and Selling

In related news, CFO Matthew Krueger sold 76,723 shares of Asset Entities stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $1.55, for a total transaction of $118,920.65. Following the sale, the chief financial officer now directly owns 26,400 shares in the company, valued at $40,920. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Chairman Michael Gaubert sold 179,683 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $1.97, for a total transaction of $353,975.51. Following the sale, the chairman now owns 76,723 shares in the company, valued at $151,144.31. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Matthew Krueger sold 76,723 shares of Asset Entities stock in a transaction on Friday, September 13th. The stock was sold at an average price of $1.55, for a total value of $118,920.65. Following the completion of the sale, the chief financial officer now directly owns 26,400 shares of the company’s stock, valued at approximately $40,920. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 333,037 shares of company stock valued at $632,846 over the last three months. Corporate insiders own 60.31% of the company’s stock.

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.