AlTi Global, Inc. (NASDAQ:ALTI) Short Interest Up 10.6% in January

AlTi Global, Inc. (NASDAQ:ALTI) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 1,150,000 shares, a growth of 10.6% from the December 31st total of 1,040,000 shares. Approximately 3.5% of the company’s shares are sold short. Based on an average daily trading volume, of 135,900 shares, the short-interest ratio is presently 8.5 days.

Institutional Trading of AlTi Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company purchased a new stake in AlTi Global in the second quarter valued at approximately $76,000. SG Americas Securities LLC purchased a new stake in shares of AlTi Global during the 3rd quarter valued at $63,000. MetLife Investment Management LLC raised its position in shares of AlTi Global by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 21,002 shares of the basic materials company’s stock worth $79,000 after buying an additional 11,834 shares during the period. CV Advisors LLC purchased a new stake in AlTi Global during the third quarter valued at about $85,000. Finally, JPMorgan Chase & Co. increased its stake in AlTi Global by 16.9% during 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 during the last quarter. Hedge funds and other institutional investors own 3.57% of the company’s stock.

AlTi Global Trading Down 0.8 %

Shares of ALTI stock traded down $0.03 during mid-day trading on Friday, hitting $3.89. 61,872 shares of the company’s stock were exchanged, compared to its average volume of 73,895. The stock has a 50-day simple moving average of $4.30 and a two-hundred day simple moving average of $4.21. AlTi Global has a fifty-two week low of $3.47 and a fifty-two week high of $7.25. The stock has a market cap of $543.94 million, a price-to-earnings ratio of -2.22 and a beta of 0.73. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 0.17.

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.