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

Prestige Wealth Inc. (NASDAQ:AURE) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 12,403 shares, a growth 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 currently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Prestige Wealth from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Prestige Wealth has a consensus rating of “Sell”.

Prestige Wealth Stock Down 3.0%

AURE traded down $0.04 on Tuesday, hitting $1.12. 14,784 shares of the company were exchanged, compared to its average volume of 74,640. The stock’s fifty day moving average is $1.56 and its 200-day moving average is $2.00. Prestige Wealth has a 12 month low of $1.06 and a 12 month high of $14.60. 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 company has a market cap of $38.92 million, a PE ratio of -0.69 and a beta of 2.38.

Prestige Wealth (NASDAQ:AURE) last released 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 purchased a new stake in Prestige Wealth Inc. (NASDAQ:AURE) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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 holding. Yorkville Advisors Global LP owned approximately 7.54% of Prestige Wealth as of its most recent filing with the Securities & Exchange Commission. 7.68% of the stock is currently owned by hedge funds and other institutional investors.

About Prestige Wealth

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.