Looking Into Prestige Wealth's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Prestige Wealth (NYSE:PWM) has seen a significant decrease in its short interest, with a 63.77% drop since the last report. Currently, 33,000 shares are sold short, representing 0.5% of the float. This is lower than the peer group average of 1.24%.
September 04, 2024 | 5:30 pm
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Prestige Wealth's short interest has decreased by 63.77%, now at 0.5% of the float, which is below the peer average. This could indicate a shift towards a more bullish sentiment among investors.
The significant drop in short interest suggests that investors are less bearish on Prestige Wealth, which could lead to a positive short-term impact on the stock price. The short interest is also below the peer average, further indicating a potential bullish sentiment.
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