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

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

Institutional Investors Weigh In On AMTD Digital

A hedge fund recently bought a new stake in AMTD Digital stock. International Assets Investment Management LLC bought a new position in AMTD Digital Inc. (NYSE:HKD) in the third quarter, according to its most recent filing with the SEC. The firm bought 13,520 shares of the company’s stock, valued at approximately $460,000. Institutional investors and hedge funds own 5.75% of the company’s stock.

AMTD Digital Stock Performance

Shares of HKD traded up $0.03 during midday trading on Monday, hitting $2.67. 162,225 shares of the company’s stock traded hands, compared to its average volume of 364,273. AMTD Digital has a 1 year low of $2.55 and a 1 year high of $5.80. The firm’s fifty day moving average is $2.85 and its 200-day moving average is $3.13.

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.