AlTi Global, Inc. (NASDAQ:ALTI - Get Free Report) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 1,150,000 shares, an increase of 10.6% from the December 31st total of 1,040,000 shares. Currently, 3.5% of the company's shares are sold short. Based on an average daily volume of 135,900 shares, the days-to-cover ratio is presently 8.5 days.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in ALTI. SG Americas Securities LLC acquired a new stake in shares of AlTi Global in the 3rd quarter valued at approximately $63,000. The Manufacturers Life Insurance Company purchased a new stake in AlTi Global during the second quarter valued at about $76,000. MetLife Investment Management LLC lifted its stake in shares of AlTi Global by 129.1% during the third quarter. MetLife Investment Management LLC now owns 21,002 shares of the basic materials company's stock worth $79,000 after purchasing an additional 11,834 shares in the last quarter. CV Advisors LLC acquired a new position in shares of AlTi Global in the third quarter worth about $85,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of AlTi Global by 16.9% in the third quarter. JPMorgan Chase & Co. now owns 27,092 shares of the basic materials company's stock worth $101,000 after acquiring an additional 3,925 shares in the last quarter. Hedge funds and other institutional investors own 3.57% of the company's stock.
AlTi Global Trading Up 1.8 %
ALTI traded up $0.07 during mid-day trading on Wednesday, hitting $4.00. 53,813 shares of the stock were exchanged, compared to its average volume of 81,908. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 0.17. The company has a market cap of $559.32 million, a PE ratio of -2.29 and a beta of 0.71. The firm's fifty day moving average is $4.28 and its two-hundred day moving average is $4.20. AlTi Global has a 1-year low of $3.47 and a 1-year high of $7.25.
About AlTi Global
(
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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.
Further Reading
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