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 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. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 12,707 shares, the short-interest ratio is currently 0.5 days.

Prestige Wealth Stock Up 8.5%

Shares of AURE stock opened at $1.51 on Friday. The stock’s 50-day simple moving average is $1.64 and its 200-day simple moving average is $2.06. The company has a debt-to-equity ratio of 0.47, a quick ratio of 41.62 and a current ratio of 41.62. The firm has a market capitalization of $52.18 million, a PE ratio of -0.93 and a beta of 2.38. Prestige Wealth has a fifty-two week low of $1.25 and a fifty-two week high of $14.60.

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of Prestige Wealth

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

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.