Short Interest in AlTi Global, Inc. (NASDAQ:ALTI) Expands By 33.1%

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 totaling 1,439,727 shares, a growth of 33.1% from the December 31st total of 1,081,341 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average trading volume of 230,212 shares, the days-to-cover ratio is presently 6.3 days. Based on an average trading volume of 230,212 shares, the days-to-cover ratio is presently 6.3 days. Approximately 1.1% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AlTi Global in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Institutional Investors Weigh In On AlTi Global

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its position in AlTi Global by 149.8% during the third quarter. JPMorgan Chase & Co. now owns 50,238 shares of the basic materials company’s stock worth $179,000 after purchasing an additional 30,125 shares during the period. Yorkville Advisors Global LP bought a new stake in shares of AlTi Global in the third quarter valued at approximately $1,593,000. Millennium Management LLC purchased a new stake in shares of AlTi Global during the 3rd quarter valued at approximately $91,000. Citadel Advisors LLC bought a new position in AlTi Global in the 3rd quarter worth approximately $126,000. Finally, Brevan Howard Capital Management LP boosted its holdings in AlTi Global by 42.5% in the 3rd quarter. Brevan Howard Capital Management LP now owns 39,327 shares of the basic materials company’s stock worth $138,000 after buying an additional 11,727 shares during the period. 3.57% of the stock is owned by hedge funds and other institutional investors.

AlTi Global Trading Down 0.8%

Shares of NASDAQ ALTI opened at $4.69 on Wednesday. The stock has a fifty day simple moving average of $4.52 and a two-hundred day simple moving average of $4.19. AlTi Global has a 1-year low of $2.33 and a 1-year high of $5.45. The firm has a market cap of $687.79 million, a price-to-earnings ratio of -2.59 and a beta of 0.75.

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. It also provides trust and administration services, such as entity formation and management; creating or modifying trust instruments and administrative practices to meet beneficiary needs; corporate, trustee-executor, and fiduciary services; provision of directors and company secretarial services; administering entity ownership of intellectual property rights; advisory and administration services in connection with investments in marine and aviation assets; and administering entity ownership of fine art and collectibles.