Prestige Wealth Inc. (NASDAQ:PWM) Short Interest Up 348.5% in November

Prestige Wealth Inc. (NASDAQ:PWM) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 234,100 shares, an increase of 348.5% from the October 31st total of 52,200 shares. Approximately 67.7% of the shares of the company are sold short. Based on an average daily volume of 483,800 shares, the days-to-cover ratio is presently 0.5 days.

Prestige Wealth Price Performance

PWM stock remained flat at $1.03 during midday trading on Thursday. 84,667 shares of the company’s stock were exchanged, compared to its average volume of 463,565. The stock’s 50 day simple moving average is $0.90 and its 200-day simple moving average is $0.89. Prestige Wealth has a 1 year low of $0.67 and a 1 year high of $3.24.

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.