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

Prestige Wealth Inc. (NASDAQ:AURE) was the recipient of a large drop in short interest during the month of 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. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 12,707 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Ratings Changes

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

Prestige Wealth Trading Down 12.3%

NASDAQ AURE opened at $1.36 on Friday. The firm’s fifty day moving average is $1.63 and its two-hundred day moving average is $2.06. Prestige Wealth has a one year low of $1.25 and a one year 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 firm has a market cap of $47.06 million, a PE ratio of -0.84 and a beta of 2.38.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Prestige Wealth stock. Yorkville Advisors Global LP bought a new stake in Prestige Wealth Inc. (NASDAQ:AURE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 27,777,778 shares of the company’s stock, valued at approximately $6,939,000. Prestige Wealth accounts for 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 at the end of the most recent reporting period. Institutional investors 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.