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

AMTD Digital Inc. Sponsored ADR (NYSE:HKD) was the target of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 1,981,056 shares, an increase of 31.9% from the February 26th total of 1,501,665 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average trading volume of 1,363,404 shares, the short-interest ratio is currently 1.5 days.

AMTD Digital Trading Down 2.3%

AMTD Digital stock traded down $0.04 during mid-day trading on Friday, reaching $1.49. 171,075 shares of the company traded hands, compared to its average volume of 782,362. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.29. AMTD Digital has a 52-week low of $1.26 and a 52-week high of $5.47. The firm’s 50 day moving average price is $1.54 and its 200 day moving average price is $1.59.

Analysts Set New Price Targets

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

Institutional Trading of AMTD Digital

Several institutional investors and hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd bought a new stake in AMTD Digital during the 4th quarter valued at approximately $80,000. Renaissance Technologies LLC raised its position 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 worth $106,000 after acquiring an additional 46,561 shares in the last quarter. Finally, 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. 5.75% of the stock is currently owned by hedge funds and other 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.