AMTD Digital Inc. Sponsored ADR (NYSE:HKD) Short Interest Update

AMTD Digital Inc. Sponsored ADR (NYSE:HKD) saw a significant growth in short interest during the month of 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 presently 1.5 days. Currently, 0.8% of the company’s stock are sold short.

Institutional Trading of AMTD Digital

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

AMTD Digital Stock Down 0.7%

AMTD Digital stock traded down $0.01 during midday trading on Monday, reaching $1.49. The company’s stock had a trading volume of 152,304 shares, compared to its average volume of 782,362. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.29. The stock’s 50-day simple moving average is $1.54 and its 200-day simple moving average is $1.59. AMTD Digital has a 52-week low of $1.26 and a 52-week high of $5.47.

Wall Street Analyst Weigh In

Separately, Weiss Ratings started coverage on shares of AMTD Digital in a research report on Monday, March 9th. They set a “sell (d)” rating for the company. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

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.