Prestige Wealth Inc. (NASDAQ:PWM) Short Interest Down 25.3% in May

Prestige Wealth Inc. (NASDAQ:PWM) was the recipient of a large decrease in short interest in May. As of May 31st, there was short interest totalling 26,300 shares, a decrease of 25.3% from the May 15th total of 35,200 shares. Based on an average daily volume of 177,200 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Prestige Wealth

An institutional investor recently bought a new position in Prestige Wealth stock. Bank of America Corp DE acquired a new stake in Prestige Wealth Inc. (NASDAQ:PWM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 24,179 shares of the company’s stock, valued at approximately $31,000. Bank of America Corp DE owned approximately 0.27% of Prestige Wealth at the end of the most recent reporting period. 7.68% of the stock is owned by institutional investors and hedge funds.

Prestige Wealth Trading Up 8.9%

PWM stock opened at $0.38 on Friday. The stock has a 50-day moving average price of $0.39 and a two-hundred day moving average price of $0.80. Prestige Wealth has a 1 year low of $0.31 and a 1 year high of $2.70.

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.