Prestige Wealth Inc. (NASDAQ:AURE) Sees Large Growth in Short Interest

Prestige Wealth Inc. (NASDAQ:AURE) was the target 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. Based on an average daily volume of 47,468 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

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

Prestige Wealth Trading Up 3.0%

Shares of AURE stock traded up $0.03 on Wednesday, hitting $1.14. The stock had a trading volume of 3,972,673 shares, compared to its average volume of 95,635. The company has a current ratio of 41.62, a quick ratio of 41.62 and a debt-to-equity ratio of 0.47. Prestige Wealth has a twelve month low of $1.00 and a twelve month high of $14.60. The company has a fifty day moving average price of $1.55 and a two-hundred day moving average price of $1.99. The firm has a market cap of $39.44 million, a P/E ratio of -0.70 and a beta of 2.38.

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

Institutional Trading of Prestige Wealth

An institutional investor recently bought a new stake in Prestige Wealth stock. Yorkville Advisors Global LP acquired a new position in shares of Prestige Wealth Inc. (NASDAQ:AURE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,777,778 shares of the company’s stock, valued at approximately $6,939,000. Prestige Wealth makes up about 4.4% of Yorkville Advisors Global LP’s portfolio, making the stock its 4th largest holding. Yorkville Advisors Global LP owned approximately 7.54% of Prestige Wealth at the end of the most recent quarter. 7.68% of the stock is owned by institutional investors.

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.