Asset Entities Inc. (NASDAQ:ASST) Short Interest Update

Asset Entities Inc. (NASDAQ:ASST) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 191,900 shares, an increase of 716.6% from the March 15th total of 23,500 shares. Based on an average daily trading volume, of 743,000 shares, the short-interest ratio is currently 0.3 days. Approximately 7.1% of the company’s shares are sold short.

Asset Entities Stock Up 1.6 %

Shares of ASST stock traded up $0.01 during mid-day trading on Wednesday, reaching $0.42. 21,262 shares of the company’s stock traded hands, compared to its average volume of 704,222. The company’s 50-day moving average price is $0.57 and its 200-day moving average price is $0.50. The company has a market cap of $5.77 million, a P/E ratio of -1.11 and a beta of 8.40. Asset Entities has a 12 month low of $0.29 and a 12 month high of $3.49.

Institutional Investors Weigh In On Asset Entities

Several institutional investors and hedge funds have recently made changes to their positions in ASST. Two Sigma Securities LLC bought a new position in Asset Entities in the first quarter valued at about $36,000. Geode Capital Management LLC bought a new position in shares of Asset Entities in the 2nd quarter worth approximately $51,000. Finally, Symmetry Peak Management LLC bought a new position in shares of Asset Entities in the 4th quarter worth approximately $39,000. Institutional investors own 5.52% of the company’s stock.

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 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.