Short Interest in AMTD Digital Inc. Sponsored ADR (NYSE:HKD) Rises By 31.9%

AMTD Digital Inc. Sponsored ADR (NYSE:HKD) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 1,981,056 shares, a growth of 31.9% from the February 26th total of 1,501,665 shares. Based on an average daily volume of 1,363,404 shares, the short-interest ratio is currently 1.5 days. Approximately 0.8% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings started coverage on shares of AMTD Digital in a report on Monday, March 9th. They issued a “sell (d)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

AMTD Digital Trading Up 3.0%

HKD stock traded up $0.05 during midday trading on Tuesday, reaching $1.56. The stock had a trading volume of 136,521 shares, compared to its average volume of 639,392. AMTD Digital has a twelve month low of $1.26 and a twelve month high of $5.47. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.92 and a quick ratio of 1.92. The business has a fifty day simple moving average of $1.54 and a two-hundred day simple moving average of $1.59.

Institutional Investors Weigh In On AMTD Digital

A number of institutional investors and hedge funds have recently modified their holdings of HKD. XTX Topco Ltd bought a new position in AMTD Digital in the fourth quarter valued at approximately $80,000. Virtu Financial LLC lifted its stake in shares of AMTD Digital by 182.5% in the 3rd quarter. Virtu Financial LLC now owns 63,567 shares of the company’s stock valued at $114,000 after purchasing an additional 41,063 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of AMTD Digital by 127.2% in the 4th quarter. Renaissance Technologies LLC now owns 83,161 shares of the company’s stock valued at $106,000 after purchasing an additional 46,561 shares during the period. 5.75% of the stock is owned by institutional investors.

AMTD Digital Company Profile

AMTD Digital Inc is a Cayman Islands–incorporated digital technology and financial service provider that delivers a suite of digital-first solutions to financial institutions, corporations and government bodies. As a subsidiary of AMTD Group, the company leverages its expertise in digital transformation to support clients’ needs for scalable, secure and data-driven platforms.

The company’s core offerings include digital brokerage, digital wealth management, digital insurance and digital capital markets services, supplemented by tokenization and digital asset solutions.