Prestige Wealth Inc. (NASDAQ:AURE – Get Free Report) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 27,277 shares, an increase of 421.4% from the May 31st total of 5,231 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 41,922 shares, the days-to-cover ratio is currently 0.7 days.
Prestige Wealth Stock Performance
Shares of AURE stock traded down $0.04 during mid-day trading on Friday, reaching $2.18. 7,741 shares of the company were exchanged, compared to its average volume of 34,131. The company has a market capitalization of $75.43 million, a P/E ratio of -2.42 and a beta of 2.36. The company has a quick ratio of 59.95, a current ratio of 59.95 and a debt-to-equity ratio of 0.36. Prestige Wealth has a fifty-two week low of $1.50 and a fifty-two week high of $14.60. The company has a 50 day moving average price of $2.40.
Hedge Funds Weigh In On Prestige Wealth
A hedge fund recently bought a new position in Prestige Wealth stock. Yorkville Advisors Global LP acquired a new stake in Prestige Wealth Inc. (NASDAQ:AURE – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,777,778 shares of the company’s stock, valued at approximately $6,939,000. Prestige Wealth comprises approximately 4.4% of Yorkville Advisors Global LP’s holdings, making the stock its 4th biggest position. Yorkville Advisors Global LP owned approximately 7.54% of Prestige Wealth at the end of the most recent quarter. Hedge funds and other institutional investors own 7.68% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on AURE
Prestige Wealth Company Profile
Through our subsidiaries, we are a wealth management and asset management services provider based in Hong Kong, with the majority of our subsidiaries’ operations in Hong Kong. Our subsidiaries assist their clients in identifying and purchasing well matched wealth management products and global asset management products. Our subsidiaries’ clients for both wealth management and asset management services are primarily high net worth and ultra-high net worth individuals in Asia, and a majority of our subsidiaries’ clients reside in mainland China or Hong Kong.
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