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

Asset Entities Inc. (NASDAQ:ASST) was the target of a large decline in short interest in April. As of April 15th, there was short interest totalling 68,900 shares, a decline of 64.1% from the March 31st total of 191,900 shares. Based on an average trading volume of 736,700 shares, the days-to-cover ratio is presently 0.1 days. Approximately 1.8% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Asset Entities stock. Symmetry Peak Management LLC acquired a new position in shares of Asset Entities Inc. (NASDAQ:ASST) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 60,961 shares of the company’s stock, valued at approximately $39,000. Symmetry Peak Management LLC owned approximately 0.44% of Asset Entities as of its most recent SEC filing. 5.52% of the stock is owned by hedge funds and other institutional investors.

Asset Entities Stock Performance

Shares of ASST remained flat at $0.39 during midday trading on Thursday. The company’s stock had a trading volume of 71,273 shares, compared to its average volume of 620,372. The firm has a market capitalization of $5.62 million, a price-to-earnings ratio of -1.04 and a beta of 8.40. The firm has a fifty day moving average of $0.53 and a 200 day moving average of $0.50. Asset Entities has a 1 year low of $0.29 and a 1 year high of $3.49.

Asset Entities (NASDAQ:ASST) last released its earnings results on Tuesday, April 2nd. The company reported ($0.09) EPS for the quarter. The firm had revenue of $0.08 million during the quarter. Asset Entities had a negative net margin of 1,780.15% and a negative return on equity of 111.62%.

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 also designs, develops, and manages servers for communities on Discord. The company was founded in 2020 and is based in Dallas, Texas. Asset Entities Inc is a subsidiary of Asset Entities Holdings, Llc.