Short Interest in Prestige Wealth Inc. (NASDAQ:AURE) Rises By 421.4%

Prestige Wealth Inc. (NASDAQ:AURE) saw a significant increase in short interest in the month of 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. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 41,922 shares, the days-to-cover ratio is currently 0.7 days.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Prestige Wealth in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Prestige Wealth stock. Yorkville Advisors Global LP acquired a new position in shares of Prestige Wealth Inc. (NASDAQ:AURE) in the 4th quarter, according to its most recent filing with the SEC. 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 holdings, making the stock its 4th largest position. Yorkville Advisors Global LP owned 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.

Prestige Wealth Price Performance

NASDAQ AURE traded down $0.04 on Friday, hitting $2.18. The company had a trading volume of 7,741 shares, compared to its average volume of 34,131. The stock has a market capitalization of $75.43 million, a P/E ratio of -2.42 and a beta of 2.36. The company’s fifty day moving average price is $2.40. 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 12-month low of $1.50 and a 12-month high of $14.60.

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.