Prestige Wealth Inc. (NASDAQ:AURE) Sees Significant Decrease in Short Interest

Prestige Wealth Inc. (NASDAQ:AUREGet Free Report) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 10,210 shares, a decrease of 50.2% from the July 30th total of 20,515 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 26,497 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Prestige Wealth from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, August 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Get Our Latest Stock Analysis on AURE

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Prestige Wealth stock. Yorkville Advisors Global LP purchased a new position in shares of Prestige Wealth Inc. (NASDAQ:AUREFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 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 portfolio, making the stock its 4th biggest holding. Yorkville Advisors Global LP owned about 7.54% of Prestige Wealth at the end of the most recent quarter. Institutional investors and hedge funds own 7.68% of the company’s stock.

Prestige Wealth Stock Down 2.1%

Shares of AURE traded down $0.03 during mid-day trading on Friday, reaching $1.59. The company’s stock had a trading volume of 9,742 shares, compared to its average volume of 19,559. Prestige Wealth has a 12-month low of $1.25 and a 12-month high of $14.60. The stock has a market cap of $54.86 million, a PE ratio of -0.98 and a beta of 2.40. The company has a debt-to-equity ratio of 0.47, a current ratio of 41.62 and a quick ratio of 41.62. The company’s 50 day moving average is $1.80 and its 200 day moving average is $2.12.

Prestige Wealth (NASDAQ:AUREGet Free Report) last posted its earnings results on Monday, July 27th. The company reported ($0.72) earnings per share for the quarter.

Prestige Wealth Company Profile

(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.

See Also

Receive News & Ratings for Prestige Wealth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prestige Wealth and related companies with MarketBeat.com's FREE daily email newsletter.