Prestige Wealth Inc. (NASDAQ:PWM) Short Interest Down 82.3% in February

Prestige Wealth Inc. (NASDAQ:PWM) saw a large drop in short interest in February. As of February 15th, there was short interest totalling 38,300 shares, a drop of 82.3% from the January 31st total of 216,500 shares. Based on an average daily trading volume, of 840,300 shares, the days-to-cover ratio is currently 0.0 days. Approximately 1.7% of the company’s shares are sold short.

Prestige Wealth Stock Performance

Shares of Prestige Wealth stock traded down $0.04 on Thursday, hitting $0.63. 66,402 shares of the company traded hands, compared to its average volume of 806,666. The stock’s 50 day moving average price is $1.27 and its 200-day moving average price is $1.07. Prestige Wealth has a 52 week low of $0.45 and a 52 week high of $2.70.

Institutional Investors Weigh In On Prestige Wealth

An institutional investor recently bought a new position in Prestige Wealth stock. Bank of America Corp DE purchased a new stake in Prestige Wealth Inc. (NASDAQ:PWM) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 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 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.