Prestige Wealth (PWM) Short Interest Ratio & Short Volume

Short interest is the volume of Prestige Wealth shares that have been sold short but have not yet been closed out or covered. As of May 15th, traders have sold 58,800 shares of PWM short. Learn More on Prestige Wealth's current short interest.

Prestige Wealth saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 58,800 shares, an increase of 35.5% from the previous total of 43,400 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies in the sector of "finance" compare to Prestige Wealth: LM Funding America, Inc. (6.83%), Bit Origin Ltd (6.75%), Magic Empire Global Limited (0.06%), Sentage Holdings Inc. (1.44%), CURO Group Holdings Corp. (7.15%), BTCS Inc. (0.78%), Greenidge Generation Holdings Inc. (3.07%), Conifer Holdings, Inc. (0.59%), Carver Bancorp, Inc. (0.08%), Patriot National Bancorp, Inc. (0.11%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.81 billion), Charter Communications, Inc. ($3.30 billion), Occidental Petroleum Co. ($3.10 billion), General Motors ($2.84 billion), Moderna, Inc. ($2.77 billion), AppLovin Co. ($2.22 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.16 billion), Tractor Supply ($2.12 billion), and Williams-Sonoma, Inc. ($2.12 billion). View all of the most shorted stocks.

Short selling PWM is an investing strategy that aims to generate trading profit from Prestige Wealth as its price is falling. PWM shares are trading up $0.02 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Prestige Wealth occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of PWM, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including PWM, twice per month. The most recent reporting period available is May, 15 2024.