Prestige Wealth Inc. (NASDAQ:AURE – Get 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
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
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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