AlTi Global, Inc. (NASDAQ:ALTI) Short Interest Update

AlTi Global, Inc. (NASDAQ:ALTI - Get Free Report) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 1,150,000 shares, an increase of 10.6% from the December 15th total of 1,040,000 shares. Based on an average daily trading volume, of 135,900 shares, the days-to-cover ratio is currently 8.5 days. Currently, 3.5% of the company's stock are sold short.

AlTi Global Stock Up 2.0 %

AlTi Global stock traded up $0.08 during midday trading on Friday, reaching $4.09. The company's stock had a trading volume of 135,889 shares, compared to its average volume of 88,817. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.05 and a quick ratio of 4.05. The stock has a market capitalization of $571.90 million, a P/E ratio of -2.34 and a beta of 0.73. The stock's 50-day simple moving average is $4.37 and its 200-day simple moving average is $4.26. AlTi Global has a 52-week low of $3.47 and a 52-week high of $7.38.

Hedge Funds Weigh In On AlTi Global

Several hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in AlTi Global by 16.9% during the 3rd 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 during the period. AlTi Global Inc. lifted its holdings in shares of AlTi Global by 1.5% during the second quarter. AlTi Global Inc. now owns 772,186 shares of the basic materials company's stock worth $4,023,000 after purchasing an additional 11,216 shares during the period. MetLife Investment Management LLC boosted its position in AlTi Global by 129.1% in the third quarter. MetLife Investment Management LLC now owns 21,002 shares of the basic materials company's stock valued at $79,000 after buying an additional 11,834 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in AlTi Global in the 2nd quarter worth approximately $76,000. Finally, SG Americas Securities LLC purchased a new position in AlTi Global during the 3rd quarter worth approximately $63,000. 3.57% of the stock is owned by hedge funds and other institutional investors.

AlTi Global Company Profile

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.