Short Interest in AlTi Global, Inc. (NASDAQ:ALTI) Declines By 10.0%

AlTi Global, Inc. (NASDAQ:ALTI - Get Free Report) saw a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 917,500 shares, a drop of 10.0% from the January 15th total of 1,020,000 shares. Approximately 2.8% of the shares of the company are short sold. Based on an average daily volume of 105,100 shares, the short-interest ratio is presently 8.7 days.

Institutional Investors Weigh In On AlTi Global

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Allianz SE acquired a new stake in shares of AlTi Global in the fourth quarter worth $85,581,000. Geode Capital Management LLC grew its stake in shares of AlTi Global by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,095,057 shares of the basic materials company's stock worth $4,831,000 after acquiring an additional 14,868 shares during the last quarter. BOKF NA acquired a new stake in shares of AlTi Global in the fourth quarter worth $2,407,000. State Street Corp grew its stake in shares of AlTi Global by 5.6% in the third quarter. State Street Corp now owns 540,213 shares of the basic materials company's stock worth $2,020,000 after acquiring an additional 28,689 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of AlTi Global by 8.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 467,415 shares of the basic materials company's stock worth $2,061,000 after acquiring an additional 34,798 shares during the last quarter. Institutional investors and hedge funds own 3.57% of the company's stock.

AlTi Global Stock Performance

ALTI stock traded down $0.24 during midday trading on Thursday, hitting $3.29. 125,234 shares of the company traded hands, compared to its average volume of 87,710. AlTi Global has a twelve month low of $3.24 and a twelve month high of $7.25. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 0.17. The business has a 50 day simple moving average of $4.04 and a 200-day simple moving average of $4.10. The stock has a market capitalization of $460.04 million, a price-to-earnings ratio of -1.88 and a beta of 0.71.

About AlTi Global

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.