Prestige Wealth Inc. (NASDAQ:AURE) Shares Shorted: Short Interest Up 80.1% in September

Prestige Wealth Inc. (NASDAQ:AURE) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 12,403 shares, an increase of 80.1% from the August 31st total of 6,887 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 47,468 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Prestige Wealth

An institutional investor recently bought a new position in Prestige Wealth stock. Yorkville Advisors Global LP bought a new position in shares of Prestige Wealth Inc. (NASDAQ:AURE) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 27,777,778 shares of the company’s stock, valued at approximately $6,939,000. Prestige Wealth accounts for approximately 4.4% of Yorkville Advisors Global LP’s holdings, 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 reporting period. Institutional investors own 7.68% of the company’s stock.

Prestige Wealth Stock Performance

Shares of NASDAQ AURE traded down $0.04 during trading hours on Tuesday, hitting $1.12. 14,784 shares of the stock were exchanged, compared to its average volume of 74,640. 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 has a one year low of $1.06 and a one year high of $14.60. The company’s 50 day moving average is $1.56 and its 200 day moving average is $2.00. The firm has a market capitalization of $38.92 million, a P/E ratio of -0.69 and a beta of 2.38.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Prestige Wealth from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

About Prestige Wealth

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.