Prestige Wealth Inc. (NASDAQ:PWM) Sees Large Decline in Short Interest

Prestige Wealth Inc. (NASDAQ:PWM) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totalling 5,600 shares, a decrease of 91.9% from the August 31st total of 68,900 shares. Approximately 1.6% of the shares of the company are sold short. Based on an average daily trading volume, of 961,700 shares, the days-to-cover ratio is currently 0.0 days.

Prestige Wealth Price Performance

NASDAQ:PWM traded up $0.10 during mid-day trading on Friday, reaching $0.87. 171,094 shares of the company’s stock were exchanged, compared to its average volume of 421,645. Prestige Wealth has a one year low of $0.67 and a one year high of $5.13. The business’s fifty day simple moving average is $0.83 and its two-hundred day simple moving average is $1.01.

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.