Prestige Wealth Inc. (NASDAQ:PWM) Short Interest Update

Prestige Wealth Inc. (NASDAQ:PWM) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 8,700 shares, a decline of 77.3% from the February 13th total of 38,300 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 832,000 shares, the short-interest ratio is presently 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 bought a new position in shares of Prestige Wealth Inc. (NASDAQ:PWM) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing. 7.68% of the stock is currently owned by hedge funds and other institutional investors.

Prestige Wealth Price Performance

PWM stock opened at $0.54 on Thursday. Prestige Wealth has a 12 month low of $0.45 and a 12 month high of $2.70. The firm has a 50 day simple moving average of $1.11 and a 200 day simple moving average of $1.06.

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.