Asset Entities Inc. (NASDAQ:ASST) Short Interest Up 81.3% in October

Asset Entities Inc. (NASDAQ:ASST) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 23,200 shares, an increase of 81.3% from the October 15th total of 12,800 shares. Based on an average daily volume of 5,070,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 1.5% of the company’s shares are sold short.

Insider Activity at Asset Entities

In other news, CFO Matthew Krueger sold 13,200 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $2.72, for a total transaction of $35,904.00. Following the transaction, the chief financial officer now owns 26,400 shares of the company’s stock, valued at approximately $71,808. This represents a 33.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Michael Gaubert sold 15,033 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $2.22, for a total value of $33,373.26. Following the sale, the chairman now directly owns 30,067 shares of the company’s stock, valued at $66,748.74. This represents a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 333,037 shares of company stock worth $632,846. Company insiders own 56.47% of the company’s stock.

Asset Entities Stock Performance

ASST stock traded up $0.01 during midday trading on Friday, reaching $0.66. The company’s stock had a trading volume of 21,613,592 shares, compared to its average volume of 1,699,895. Asset Entities has a 1 year low of $0.61 and a 1 year high of $5.10. The firm has a market capitalization of $2.03 million, a price-to-earnings ratio of -0.38 and a beta of 8.36. The stock has a fifty day simple moving average of $1.22 and a two-hundred day simple moving average of $1.58.

Asset Entities (NASDAQ:ASST) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.58) earnings per share for the quarter. The company 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%.

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.