Prestige Wealth Inc. (NASDAQ:PWM) Short Interest Update

Prestige Wealth Inc. (NASDAQ:PWMGet Free Report) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 74,900 shares, a decrease of 37.5% from the August 31st total of 119,900 shares. Currently, 4.2% of the company’s shares are sold short. Based on an average trading volume of 2,360,000 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 2,360,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 4.2% of the company’s shares are sold short.

Hedge Funds Weigh In On Prestige Wealth

An institutional investor recently bought a new position in Prestige Wealth stock. Bank of America Corp DE purchased a new stake in shares of Prestige Wealth Inc. (NASDAQ:PWMFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 24,179 shares of the company’s stock, valued at approximately $31,000. Bank of America Corp DE owned 0.27% of Prestige Wealth at the end of the most recent quarter. Institutional investors own 7.68% of the company’s stock.

Prestige Wealth Stock Performance

Shares of Prestige Wealth stock opened at $0.80 on Friday. Prestige Wealth has a 12 month low of $0.31 and a 12 month high of $2.70. The stock’s fifty day moving average price is $0.51 and its 200-day moving average price is $0.44.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Prestige Wealth in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Check Out Our Latest Stock Report on PWM

Prestige Wealth Company Profile

(Get Free Report)

Prestige Wealth Inc, through its subsidiaries, provides wealth management and asset management services. It assists its clients in identifying and purchasing wealth and asset management products. The company offers its services primarily for high net worth and ultra-high net worth individuals, including business owners, executives, heirs of rich families, and other affluent individuals in Asia primarily in the mainland China or Hong Kong.

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