Prestige Wealth Inc. (NASDAQ:PWM – Get Free Report) saw a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 38,300 shares, a decline of 82.3% from the January 31st total of 216,500 shares. Based on an average daily trading volume, of 840,300 shares, the short-interest ratio is presently 0.0 days. Currently, 1.7% of the company’s shares are short sold.
Prestige Wealth Stock Performance
Shares of NASDAQ:PWM opened at $0.63 on Friday. Prestige Wealth has a 52-week low of $0.45 and a 52-week high of $2.70. The business has a fifty day moving average of $1.26 and a two-hundred day moving average of $1.07.
Institutional Investors 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 Prestige Wealth Inc. (NASDAQ:PWM – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 reporting period. 7.68% of the stock is currently owned by institutional investors and hedge funds.
Prestige Wealth Company Profile
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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