Prestige Wealth Inc. (NASDAQ:AURE) Short Interest Up 421.4% in June

Prestige Wealth Inc. (NASDAQ:AURE) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 27,277 shares, a growth of 421.4% from the May 31st total of 5,231 shares. Based on an average daily volume of 41,922 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.1% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Prestige Wealth in a research report on Friday, April 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently 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 acquired a new stake in Prestige Wealth Inc. (NASDAQ:AURE) in the fourth 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 accounts for about 4.4% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 4th biggest position. Yorkville Advisors Global LP owned about 7.54% of Prestige Wealth at the end of the most recent reporting period. 7.68% of the stock is currently owned by institutional investors.

Prestige Wealth Price Performance

Shares of NASDAQ:AURE traded down $0.04 during midday trading on Friday, hitting $2.18. The company had a trading volume of 7,741 shares, compared to its average volume of 34,131. Prestige Wealth has a twelve month low of $1.50 and a twelve month high of $14.60. The stock has a market capitalization of $75.43 million, a PE ratio of -2.42 and a beta of 2.36. The company has a current ratio of 59.95, a quick ratio of 59.95 and a debt-to-equity ratio of 0.36. The firm’s 50-day moving average is $2.40.

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.