Prestige Wealth Inc. (NASDAQ:AURE) Shares Shorted: Short Interest Up 455.1% in October

Prestige Wealth Inc. (NASDAQ:AURE – Get Free Report) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 75,074 shares, an increase of 455.1% from the September 30th total of 13,525 shares. Based on an average daily volume of 52,800 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.2% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Prestige Wealth from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, September 25th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Read Our Latest Report on AURE

Prestige Wealth Stock Performance

Shares of Prestige Wealth stock traded down $0.06 on Tuesday, hitting $0.99. The stock had a trading volume of 46,704 shares, compared to its average volume of 93,418. The stock has a market cap of $34.39 million, a price-to-earnings ratio of -0.61 and a beta of 2.42. The company has a current ratio of 41.62, a quick ratio of 41.62 and a debt-to-equity ratio of 0.47. Prestige Wealth has a 52-week low of $0.85 and a 52-week high of $5.48. The company’s 50 day moving average price is $1.30 and its 200 day moving average price is $1.95.

Prestige Wealth (NASDAQ:AURE – Get Free Report) last released its quarterly earnings results on Monday, July 27th. The company reported ($0.72) EPS for the quarter.

About Prestige Wealth

(Get Free Report)

Prestige Wealth Inc is a wealth management and asset management company serving high-net-worth individuals, families, family offices and corporate clients. The company provides investment management and advisory services designed to help clients preserve and grow their wealth through customized portfolios and financial strategies.

Its offerings include discretionary portfolio management, investment advisory services and related wealth planning solutions. Prestige Wealth may invest across a range of asset classes and products, depending on client objectives, risk preferences and investment mandates.

The company is based in Hong Kong and focuses primarily on clients in Greater China and other international markets.

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