Short Interest in AlTi Global, Inc. (NASDAQ:ALTI) Increases By 10.6%

AlTi Global, Inc. (NASDAQ:ALTI) was the recipient of a large increase in short interest during 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. Approximately 3.5% of the company’s shares are short sold. Based on an average daily trading volume, of 135,900 shares, the short-interest ratio is currently 8.5 days.

AlTi Global Trading Down 0.8 %

Shares of NASDAQ ALTI traded down $0.03 during midday trading on Friday, hitting $3.89. The stock had a trading volume of 61,872 shares, compared to its average volume of 73,895. The company has a fifty day moving average price of $4.30 and a 200 day moving average price of $4.22. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 0.17. AlTi Global has a 1-year low of $3.47 and a 1-year high of $7.25. The company has a market capitalization of $543.94 million, a price-to-earnings ratio of -2.22 and a beta of 0.73.

Institutional Investors Weigh In On AlTi Global

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its holdings in shares of AlTi Global by 41.9% in the third quarter. Geode Capital Management LLC now owns 1,080,189 shares of the basic materials company’s stock valued at $4,041,000 after acquiring an additional 318,860 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of AlTi Global by 58.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 432,617 shares of the basic materials company’s stock valued at $1,618,000 after acquiring an additional 159,357 shares during the period. Barclays PLC raised its stake in AlTi Global by 264.8% during the 3rd quarter. Barclays PLC now owns 44,457 shares of the basic materials company’s stock valued at $167,000 after purchasing an additional 32,269 shares during the period. State Street Corp boosted its position in AlTi Global by 5.6% during the 3rd 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 period. Finally, CV Advisors LLC purchased a new position in AlTi Global during the third quarter valued at approximately $85,000. Institutional investors own 3.57% of the company’s stock.

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.