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

Prestige Wealth Inc. (NASDAQ:AURE) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 75,074 shares, an increase of 455.1% from the September 30th total of 13,525 shares. Based on an average daily volume of 52,800 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.2% of the company’s shares are short sold.

Prestige Wealth Stock Performance

Shares of NASDAQ AURE traded down $0.05 during midday trading on Thursday, hitting $0.96. The company’s stock had a trading volume of 15,790 shares, compared to its average volume of 93,330. Prestige Wealth has a one year low of $0.85 and a one year high of $5.48. The stock has a fifty day moving average price of $1.26 and a 200 day moving average price of $1.94. The company has a current ratio of 41.62, a quick ratio of 41.62 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $33.25 million, a price-to-earnings ratio of -0.59 and a beta of 2.42.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Prestige Wealth from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, September 25th. One analyst has rated the stock with a Sell rating. According to MarketBeat, Prestige Wealth currently has an average rating of “Sell”.

Prestige Wealth Company Profile

Prestige Wealth Inc is a wealth management and asset management company serving high-net-worth individuals, families, family offices and corporate clients. The company provides investment management and advisory services designed to help clients preserve and grow their wealth through customized portfolios and financial strategies.

Its offerings include discretionary portfolio management, investment advisory services and related wealth planning solutions. Prestige Wealth may invest across a range of asset classes and products, depending on client objectives, risk preferences and investment mandates.

The company is based in Hong Kong and focuses primarily on clients in Greater China and other international markets.