Short Interest in Asset Entities Inc. (NASDAQ:ASST) Drops By 64.1%

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

Asset Entities Stock Performance

ASST traded down $0.01 during trading on Friday, reaching $0.38. 71,097 shares of the stock traded hands, compared to its average volume of 153,322. The stock’s 50-day moving average is $0.52 and its 200 day moving average is $0.50. Asset Entities has a 12 month low of $0.29 and a 12 month high of $3.49.

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

Hedge Funds Weigh In On Asset Entities

An institutional investor recently bought a new position in Asset Entities stock. Symmetry Peak Management LLC acquired a new stake in Asset Entities Inc. (NASDAQ:ASST) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund 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. 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.