Short Interest in Prestige Wealth Inc. (NASDAQ:AURE) Declines By 49.3%

Prestige Wealth Inc. (NASDAQ:AUREGet Free Report) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 13,823 shares, a drop of 49.3% from the June 15th total of 27,277 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 17,338 shares, the short-interest ratio is currently 0.8 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Prestige Wealth from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Read Our Latest Stock Report on AURE

Institutional Trading of Prestige Wealth

A hedge fund recently bought a new stake in Prestige Wealth stock. Yorkville Advisors Global LP acquired a new stake in shares of Prestige Wealth Inc. (NASDAQ:AUREFree Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 27,777,778 shares of the company’s stock, valued at approximately $6,939,000. Prestige Wealth makes up 4.4% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 4th biggest position. Yorkville Advisors Global LP owned 7.54% of Prestige Wealth as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 7.68% of the company’s stock.

Prestige Wealth Trading Up 1.2%

Shares of NASDAQ:AURE opened at $1.72 on Thursday. The firm has a market cap of $59.55 million, a price-to-earnings ratio of -1.91 and a beta of 2.38. The company has a debt-to-equity ratio of 0.36, a current ratio of 59.95 and a quick ratio of 59.95. Prestige Wealth has a 1-year low of $1.25 and a 1-year high of $14.60. The stock’s 50 day moving average price is $2.27.

About Prestige Wealth

(Get Free Report)

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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