Prestige Wealth Inc. (NASDAQ:AURE) Short Interest Down 49.3% in June

Prestige Wealth Inc. (NASDAQ:AURE) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totaling 13,823 shares, a drop of 49.3% from the June 15th total of 27,277 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 17,338 shares, the short-interest ratio is currently 0.8 days.

Prestige Wealth Price Performance

Shares of AURE stock traded up $0.05 during trading on Friday, hitting $1.79. 4,564 shares of the stock traded hands, compared to its average volume of 88,041. The company has a market capitalization of $61.93 million, a price-to-earnings ratio of -1.99 and a beta of 2.38. The company has a debt-to-equity ratio of 0.36, a current ratio of 59.95 and a quick ratio of 59.95. The firm’s fifty day moving average price is $2.26. Prestige Wealth has a 52-week low of $1.25 and a 52-week high of $14.60.

Hedge Funds Weigh In On Prestige Wealth

A hedge fund recently bought a new stake in Prestige Wealth stock. Yorkville Advisors Global LP bought a new stake in Prestige Wealth Inc. (NASDAQ:AURE) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 27,777,778 shares of the company’s stock, valued at approximately $6,939,000. Prestige Wealth makes up approximately 4.4% of Yorkville Advisors Global LP’s portfolio, making the stock its 4th biggest holding. Yorkville Advisors Global LP owned approximately 7.54% of Prestige Wealth as of its most recent SEC filing. 7.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Prestige Wealth from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

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.