AMTD Digital Inc. (NYSE:HKD) Sees Significant Growth in Short Interest

AMTD Digital Inc. (NYSE:HKD) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 791,300 shares, a growth of 9.4% from the December 31st total of 723,500 shares. Based on an average daily volume of 398,100 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Trading of AMTD Digital

An institutional investor recently bought a new position in AMTD Digital stock. International Assets Investment Management LLC bought a new position in shares of AMTD Digital Inc. (NYSE:HKD) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 13,520 shares of the company’s stock, valued at approximately $460,000. Hedge funds and other institutional investors own 5.75% of the company’s stock.

AMTD Digital Trading Down 2.3 %

Shares of NYSE:HKD traded down $0.06 during midday trading on Monday, reaching $2.59. 98,420 shares of the company’s stock traded hands, compared to its average volume of 260,691. The company has a fifty day simple moving average of $2.80 and a two-hundred day simple moving average of $3.06. AMTD Digital has a 1 year low of $2.55 and a 1 year high of $5.80.

About AMTD Digital

AMTD Digital Inc, through its subsidiaries, designs and develops a digital platform to provide financial, media, content and marketing, and investment solutions in Asia. The company operates through Digital Solutions ServicesFinancial Services, Digital Solutions ServicesNon Financial Services, Digital Media, Content, and Marketing Services, and Digital Investments segments.