Prestige Wealth Inc. (NASDAQ:PWM) Sees Significant Increase in Short Interest

Prestige Wealth Inc. (NASDAQ:PWM) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 364,400 shares, a growth of 196.3% from the December 15th total of 123,000 shares. Based on an average daily volume of 818,000 shares, the short-interest ratio is currently 0.4 days. Approximately 15.8% of the company’s shares are short sold.

Prestige Wealth Stock Down 4.8 %

Shares of PWM traded down $0.07 during trading hours on Tuesday, hitting $1.40. The company had a trading volume of 34,623 shares, compared to its average volume of 447,345. The stock’s 50 day moving average price is $1.25 and its 200 day moving average price is $0.98. Prestige Wealth has a 52-week low of $0.67 and a 52-week high of $2.40.

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.