Prestige Wealth Inc. (NASDAQ:PWM) Short Interest Up 1,714.9% in March

Prestige Wealth Inc. (NASDAQ:PWM) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 157,900 shares, a growth of 1,714.9% from the February 28th total of 8,700 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average daily trading volume, of 807,500 shares, the short-interest ratio is presently 0.2 days.

Prestige Wealth Stock Performance

PWM stock opened at $0.47 on Friday. The business has a fifty day simple moving average of $0.91 and a 200-day simple moving average of $1.01. Prestige Wealth has a 52 week low of $0.45 and a 52 week high of $2.70.

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:PWM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 24,179 shares of the company’s stock, valued at approximately $31,000. Bank of America Corp DE owned approximately 0.27% of Prestige Wealth as of its most recent SEC filing. Institutional investors own 7.68% of the company’s stock.

About Prestige Wealth

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.