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

AlTi Global, Inc. (NASDAQ:ALTI) saw a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 973,800 shares, a decline of 8.1% from the October 31st total of 1,060,000 shares. Based on an average daily volume of 177,500 shares, the short-interest ratio is presently 5.5 days. Currently, 3.1% of the shares of the company are sold short.

AlTi Global Stock Down 3.3 %

ALTI traded down $0.15 during mid-day trading on Wednesday, reaching $4.40. 138,247 shares of the stock were exchanged, compared to its average volume of 151,492. The company has a 50 day moving average price of $4.15 and a two-hundred day moving average price of $4.39. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.05 and a current ratio of 4.05. AlTi Global has a 1 year low of $3.47 and a 1 year high of $9.22. The stock has a market capitalization of $615.25 million, a PE ratio of -2.60 and a beta of 0.72.

Insider Transactions at AlTi Global

In other news, insider Spiros Maliagros sold 5,769 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $4.47, for a total transaction of $25,787.43. Following the completion of the transaction, the insider now owns 405,167 shares of the company’s stock, valued at approximately $1,811,096.49. This trade represents a 1.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 12,897 shares of company stock worth $54,524 in the last ninety days. Insiders own 22.14% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Barclays PLC lifted its holdings in AlTi Global by 264.8% in the third quarter. Barclays PLC now owns 44,457 shares of the basic materials company’s stock worth $167,000 after buying an additional 32,269 shares during the period. Geode Capital Management LLC increased its position in shares of AlTi Global by 41.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,080,189 shares of the basic materials company’s stock valued at $4,041,000 after purchasing an additional 318,860 shares during the last quarter. State Street Corp raised its position in AlTi Global by 5.6% in the third 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. MetLife Investment Management LLC grew its holdings in 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 valued at $79,000 after purchasing an additional 11,834 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in AlTi Global by 58.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 432,617 shares of the basic materials company’s stock worth $1,618,000 after acquiring an additional 159,357 shares during the period. 3.57% of the stock is owned by institutional investors.

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.