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

Prestige Wealth Inc. (NASDAQ:PWM) was the recipient of a large 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. Based on an average daily volume of 483,800 shares, the short-interest ratio is currently 0.5 days. Approximately 67.7% of the shares of the company are short sold.

Prestige Wealth Price Performance

PWM stock remained flat at $1.03 during trading on Wednesday. The company had a trading volume of 84,667 shares, compared to its average volume of 463,565. Prestige Wealth has a fifty-two week low of $0.67 and a fifty-two week high of $3.24. The business’s fifty day simple moving average is $0.89 and its 200 day simple moving average is $0.89.

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.