Short Interest in AlTi Global, Inc. (NASDAQ:ALTI) Declines By 17.5%

AlTi Global, Inc. (NASDAQ:ALTI - Get Free Report) saw a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 916,200 shares, a decrease of 17.5% from the March 15th total of 1,110,000 shares. Approximately 1.7% of the shares of the stock are sold short. Based on an average daily volume of 113,600 shares, the short-interest ratio is presently 8.1 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets purchased a new position in AlTi Global during the fourth quarter worth $25,000. Dimensional Fund Advisors LP purchased a new stake in shares of AlTi Global during the fourth quarter worth about $44,000. Invesco Ltd. acquired a new position in shares of AlTi Global in the fourth quarter valued at approximately $46,000. Intech Investment Management LLC purchased a new position in shares of AlTi Global during the fourth quarter valued at approximately $46,000. Finally, Granite FO LLC boosted its position in AlTi Global by 216.6% during the fourth quarter. Granite FO LLC now owns 15,830 shares of the basic materials company's stock worth $70,000 after acquiring an additional 10,830 shares during the last quarter. 3.57% of the stock is currently owned by institutional investors and hedge funds.

AlTi Global Price Performance

Shares of ALTI stock traded up $0.09 during mid-day trading on Thursday, reaching $3.41. The stock had a trading volume of 15,928 shares, compared to its average volume of 141,412. The company has a market cap of $484.32 million, a P/E ratio of -1.95 and a beta of 0.78. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 0.17. AlTi Global has a 12-month low of $2.33 and a 12-month high of $5.45. The business has a 50-day simple moving average of $3.15 and a 200 day simple moving average of $3.83.

AlTi Global (NASDAQ:ALTI - Get Free Report) last posted its earnings results on Thursday, March 13th. The basic materials company reported ($0.63) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.65). AlTi Global had a negative net margin of 41.51% and a positive return on equity of 2.31%. The business had revenue of $53.33 million for the quarter, compared to analysts' expectations of $74.60 million. During the same quarter last year, the business posted ($0.88) earnings per share. On average, sell-side analysts anticipate that AlTi Global will post -0.14 earnings per share for the current year.

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.