Prestige Wealth Inc. (NASDAQ:AURE) Short Interest Update

Prestige Wealth Inc. (NASDAQ:AURE) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 10,210 shares, a decline of 50.2% from the July 30th total of 20,515 shares. Based on an average daily trading volume, of 26,497 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Prestige Wealth from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Prestige Wealth Trading Down 2.1%

Shares of AURE traded down $0.03 during mid-day trading on Friday, hitting $1.59. The company had a trading volume of 9,742 shares, compared to its average volume of 19,559. Prestige Wealth has a 1-year low of $1.25 and a 1-year high of $14.60. The business’s 50-day simple moving average is $1.80 and its 200-day simple moving average is $2.12. 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 quick ratio of 41.62, a current ratio of 41.62 and a debt-to-equity ratio of 0.47.

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

Institutional Investors Weigh In On Prestige Wealth

An institutional investor recently bought a new position in Prestige Wealth stock. Yorkville Advisors Global LP acquired a new stake in shares of Prestige Wealth Inc. (NASDAQ:AURE) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 27,777,778 shares of the company’s stock, valued at approximately $6,939,000. Prestige Wealth accounts for about 4.4% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 4th largest position. Yorkville Advisors Global LP owned approximately 7.54% of Prestige Wealth as of its most recent SEC filing. Institutional investors and hedge funds own 7.68% of the company’s stock.

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.