Short Interest in Prestige Wealth Inc. (NASDAQ:PWM) Decreases By 25.3%

Prestige Wealth Inc. (NASDAQ:PWM) was the recipient of a significant decline in short interest during the month of May. As of May 31st, there was short interest totalling 26,300 shares, a decline of 25.3% from the May 15th total of 35,200 shares. Based on an average daily volume of 177,200 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Prestige Wealth Trading Down 1.6%

NASDAQ:PWM opened at $0.34 on Wednesday. The company has a fifty day moving average of $0.39 and a 200 day moving average of $0.81. Prestige Wealth has a 52 week low of $0.31 and a 52 week high of $2.70.

Hedge Funds Weigh In On Prestige Wealth

An institutional investor recently bought a new position in Prestige Wealth stock. Bank of America Corp DE bought a new position in shares of Prestige Wealth Inc. (NASDAQ:PWM) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 24,179 shares of the company’s stock, valued at approximately $31,000. Bank of America Corp DE owned 0.27% of Prestige Wealth at the end of the most recent quarter. 7.68% of the stock is currently owned by hedge funds and other institutional investors.

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.