AlTi Global, Inc. (NASDAQ:ALTI) Short Interest Update

AlTi Global, Inc. (NASDAQ:ALTI) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 1,600,000 shares, an increase of 49.5% from the September 30th total of 1,070,000 shares. Approximately 2.8% of the shares of the company are sold short. Based on an average trading volume of 139,200 shares, the days-to-cover ratio is presently 11.5 days. Based on an average trading volume of 139,200 shares, the days-to-cover ratio is presently 11.5 days. Approximately 2.8% of the shares of the company are sold short.

AlTi Global Stock Up 0.3%

Shares of ALTI opened at $3.95 on Tuesday. The business has a 50-day simple moving average of $3.85 and a two-hundred day simple moving average of $3.86. The stock has a market cap of $579.27 million, a price-to-earnings ratio of -2.19 and a beta of 0.77. AlTi Global has a 52 week low of $2.33 and a 52 week high of $5.00.

AlTi Global (NASDAQ:ALTI) last released its earnings results on Thursday, April 20th. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter. AlTi Global had a negative return on equity of 0.32% and a negative net margin of 66.10%.The business had revenue of ($18.58) million for the quarter. On average, equities analysts anticipate that AlTi Global will post -0.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on ALTI shares. Zacks Research upgraded AlTi Global from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of AlTi Global in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

Institutional Trading of AlTi Global

Several institutional investors have recently made changes to their positions in ALTI. Tower Research Capital LLC TRC grew its position in shares of AlTi Global by 158.4% during the second quarter. Tower Research Capital LLC TRC now owns 9,644 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 5,912 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of AlTi Global during the first quarter worth about $42,000. The Manufacturers Life Insurance Company grew its position in shares of AlTi Global by 25.4% during the second quarter. The Manufacturers Life Insurance Company now owns 18,157 shares of the basic materials company’s stock worth $75,000 after purchasing an additional 3,679 shares in the last quarter. Flputnam Investment Management Co. purchased a new stake in shares of AlTi Global during the first quarter worth about $76,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of AlTi Global by 15.4% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,280 shares of the basic materials company’s stock worth $97,000 after purchasing an additional 3,109 shares in the last quarter. Hedge funds and other institutional investors own 3.57% of the company’s stock.

AlTi Global Company Profile

AlTi Global, Inc provides wealth and asset management services individuals, families, foundations, and institutions in the United States, the United Kingdom, and internationally. It operates through two segments, Wealth Management and Strategic Alternatives. The company offers discretionary investment management, non-discretionary investment advisory, and investment management and advisory services.