Short Interest in Prestige Wealth Inc. (NASDAQ:PWM) Declines By 21.8%

Prestige Wealth Inc. (NASDAQ:PWM) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 284,900 shares, a drop of 21.8% from the December 31st total of 364,400 shares. Approximately 12.4% of the shares of the stock are sold short. Based on an average daily volume of 795,700 shares, the short-interest ratio is currently 0.4 days.

Prestige Wealth Stock Performance

Shares of NASDAQ PWM traded up $0.24 during trading hours on Friday, reaching $1.48. 762,576 shares of the stock traded hands, compared to its average volume of 391,571. The company’s 50-day simple moving average is $1.37 and its two-hundred day simple moving average is $1.04. Prestige Wealth has a 52-week low of $0.67 and a 52-week high of $2.40.

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.