Short Interest in Prestige Wealth Inc. (NASDAQ:PWM) Drops By 77.3%

Prestige Wealth Inc. (NASDAQ:PWM) was the target of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 8,700 shares, a decrease of 77.3% from the February 13th total of 38,300 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 832,000 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Prestige Wealth

A hedge fund recently bought a new stake in Prestige Wealth stock. Bank of America Corp DE acquired 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 firm acquired 24,179 shares of the company’s stock, valued at approximately $31,000. Bank of America Corp DE owned about 0.27% of Prestige Wealth at the end of the most recent quarter. 7.68% of the stock is currently owned by institutional investors.

Prestige Wealth Trading Up 1.9 %

Shares of NASDAQ PWM opened at $0.53 on Friday. Prestige Wealth has a one year low of $0.45 and a one year high of $2.70. The firm’s 50 day simple moving average is $1.09 and its two-hundred day simple moving average is $1.05.

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.