Short Interest in Prestige Wealth Inc. (NASDAQ:AURE) Decreases By 32.5%

Prestige Wealth Inc. (NASDAQ:AURE) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 6,887 shares, a drop of 32.5% from the August 15th total of 10,210 shares. Based on an average trading volume of 12,707 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Trading of Prestige Wealth

An institutional investor recently bought a new position in Prestige Wealth stock. Yorkville Advisors Global LP acquired a new position in Prestige Wealth Inc. (NASDAQ:AURE) during the 4th quarter, according to the company in its most recent Form 13F filing 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 comprises about 4.4% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 4th largest position. Yorkville Advisors Global LP owned about 7.54% of Prestige Wealth as of its most recent SEC filing. 7.68% of the stock is currently owned by hedge funds and other institutional investors.

Prestige Wealth Stock Performance

Shares of AURE stock opened at $1.39 on Thursday. Prestige Wealth has a one year low of $1.25 and a one year high of $14.60. The company has a market cap of $48.09 million, a P/E ratio of -0.86 and a beta of 2.38. The firm has a 50-day moving average of $1.64 and a 200-day moving average of $2.06. The company has a debt-to-equity ratio of 0.47, a current ratio of 41.62 and a quick ratio of 41.62.

Prestige Wealth (NASDAQ:AURE) last issued its quarterly earnings data on Monday, July 27th. The company reported ($0.72) earnings per share (EPS) for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Prestige Wealth from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, September 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Prestige Wealth Company Profile

Prestige Wealth Limited (NASDAQ: AURE) is a wealth management and asset management company focused on serving high-net-worth and ultra-high-net-worth individuals, families, and businesses. The company provides investment-related services designed to help clients manage, preserve, and grow their wealth.

Its offerings include wealth management solutions and access to a range of investment products, which may include private funds, securities, insurance-related products, and structured investment products.