Prestige Wealth Inc. (NASDAQ:AURE) Short Interest Down 32.5% in August

Prestige Wealth Inc. (NASDAQ:AURE) saw a large 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 currently 0.5 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Prestige Wealth stock. Yorkville Advisors Global LP acquired a new position in Prestige Wealth Inc. (NASDAQ:AURE) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 27,777,778 shares of the company’s stock, valued at approximately $6,939,000. Prestige Wealth makes up approximately 4.4% of Yorkville Advisors Global LP’s portfolio, making the stock its 4th largest position. Yorkville Advisors Global LP owned approximately 7.54% of Prestige Wealth as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 7.68% of the company’s stock.

Analyst Upgrades and Downgrades

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

Prestige Wealth Price Performance

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

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

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.