Short Interest in Prestige Wealth Inc. (NASDAQ:PWM) Expands By 196.3%

Prestige Wealth Inc. (NASDAQ:PWM) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totalling 364,400 shares, an increase of 196.3% from the December 31st total of 123,000 shares. Approximately 15.8% of the company’s stock are short sold. Based on an average daily volume of 818,000 shares, the short-interest ratio is presently 0.4 days.

Prestige Wealth Stock Performance

PWM stock traded up $0.20 during trading on Wednesday, reaching $1.27. The stock had a trading volume of 2,145,434 shares, compared to its average volume of 434,186. Prestige Wealth has a 1-year low of $0.67 and a 1-year high of $2.40. The firm has a fifty day moving average price of $1.35 and a 200 day moving average price of $1.03.

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.