Prestige Wealth Inc. (NASDAQ:AURE) Sees Significant Growth in Short Interest

Prestige Wealth Inc. (NASDAQ:AURE – Get Free Report) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 75,074 shares, an increase of 455.1% from the September 30th total of 13,525 shares. Based on an average daily volume of 52,800 shares, the short-interest ratio is presently 1.4 days. Currently, 0.2% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Prestige Wealth from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday, September 25th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, Prestige Wealth presently has an average rating of “Sell”.

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Prestige Wealth Trading Down 5.3%

Shares of AURE traded down $0.06 during midday trading on Tuesday, hitting $0.99. 46,704 shares of the stock were exchanged, compared to its average volume of 93,418. The stock has a fifty day simple moving average of $1.30 and a 200 day simple moving average of $1.95. The company has a debt-to-equity ratio of 0.47, a quick ratio of 41.62 and a current ratio of 41.62. Prestige Wealth has a 52-week low of $0.85 and a 52-week high of $5.48. The firm has a market cap of $34.39 million, a P/E ratio of -0.61 and a beta of 2.42.

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

Prestige Wealth Company Profile

(Get Free Report)

Prestige Wealth Inc is a wealth management and asset management company serving high-net-worth individuals, families, family offices and corporate clients. The company provides investment management and advisory services designed to help clients preserve and grow their wealth through customized portfolios and financial strategies.

Its offerings include discretionary portfolio management, investment advisory services and related wealth planning solutions. Prestige Wealth may invest across a range of asset classes and products, depending on client objectives, risk preferences and investment mandates.

The company is based in Hong Kong and focuses primarily on clients in Greater China and other international markets.

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