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

AlTi Global, Inc. (NASDAQ:ALTI) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 1,081,341 shares, a decline of 35.1% from the December 15th total of 1,667,083 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 90,332 shares, the short-interest ratio is currently 12.0 days. Based on an average daily volume of 90,332 shares, the short-interest ratio is currently 12.0 days. Approximately 0.8% of the company’s stock are short sold.

Hedge Funds Weigh In On AlTi Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ALTI. Invesco Ltd. boosted its holdings in shares of AlTi Global by 262.9% in the 1st quarter. Invesco Ltd. now owns 37,900 shares of the basic materials company’s stock worth $115,000 after purchasing an additional 27,455 shares in the last quarter. AQR Capital Management LLC bought a new stake in AlTi Global in the 1st quarter worth approximately $42,000. Geode Capital Management LLC boosted its stake in AlTi Global by 15.2% in the second quarter. Geode Capital Management LLC now owns 1,298,545 shares of the basic materials company’s stock worth $5,390,000 after buying an additional 170,951 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in AlTi Global by 25.4% during the second quarter. The Manufacturers Life Insurance Company now owns 18,157 shares of the basic materials company’s stock valued at $75,000 after acquiring an additional 3,679 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in AlTi Global by 15.4% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,280 shares of the basic materials company’s stock valued at $97,000 after acquiring an additional 3,109 shares during the last quarter. 3.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ALTI. Zacks Research upgraded shares of AlTi Global from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of AlTi Global in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

AlTi Global Stock Performance

Shares of NASDAQ ALTI opened at $4.15 on Friday. AlTi Global has a fifty-two week low of $2.33 and a fifty-two week high of $5.45. The stock has a market cap of $608.60 million, a PE ratio of -2.29 and a beta of 0.75. The stock has a fifty day moving average of $4.39 and a 200-day moving average of $4.16.

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.