AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares (NYSE:AMTD) Sees Large Drop in Short Interest

AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares (NYSE:AMTD) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 2,492 shares, a decline of 63.4% from the August 31st total of 6,806 shares. Based on an average trading volume of 4,743 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday, September 18th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares Stock Down 3.1%

NYSE:AMTD traded down $0.02 during mid-day trading on Tuesday, reaching $0.70. The stock had a trading volume of 1,001 shares, compared to its average volume of 20,231. The stock has a 50-day simple moving average of $0.76 and a two-hundred day simple moving average of $0.92. The company has a debt-to-equity ratio of 0.12, a quick ratio of 14.80 and a current ratio of 14.80. AMTD IDEA Group American Depositary Shares, each representing six has a 12 month low of $0.70 and a 12 month high of $1.65.

About AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares

AMTD IDEA Group is a financial services and investment holding company headquartered in Hong Kong. The company operates as part of the broader AMTD Group and provides services primarily through businesses involved in investment banking, capital markets, asset management, securities brokerage and strategic investments.

Its activities have included advising companies on equity and debt financing, mergers and acquisitions, and other corporate finance transactions. The group has also participated in asset management, private investment and related financial services, serving corporations, institutions, investors and high-net-worth clients.

AMTD IDEA Group has historically maintained operations and business relationships across Hong Kong, mainland China and other international financial centers.