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

Prestige Wealth Inc. (NASDAQ:PWM) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 68,900 shares, a growth of 214.6% from the August 15th total of 21,900 shares. Based on an average daily trading volume, of 962,400 shares, the short-interest ratio is currently 0.1 days. Currently, 19.9% of the shares of the company are short sold.

Prestige Wealth Price Performance

Shares of PWM stock traded up $0.04 during mid-day trading on Thursday, reaching $0.77. The stock had a trading volume of 74,821 shares, compared to its average volume of 445,644. Prestige Wealth has a one year low of $0.67 and a one year high of $5.24. The firm’s 50 day simple moving average is $0.84 and its 200 day simple moving average is $1.05.

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.