Short Interest in AMTD Digital Inc. (NYSE:HKD) Grows By 72.7%

AMTD Digital Inc. (NYSE:HKD - Get Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 1,270,000 shares, an increase of 72.7% from the May 15th total of 735,200 shares. Based on an average daily trading volume, of 526,800 shares, the short-interest ratio is presently 2.4 days. Currently, 0.5% of the shares of the stock are short sold.

AMTD Digital Stock Up 2.8%

HKD stock traded up $0.05 during mid-day trading on Monday, hitting $1.84. The company had a trading volume of 225,200 shares, compared to its average volume of 467,700. The company has a 50-day moving average price of $2.03 and a 200 day moving average price of $2.40. AMTD Digital has a 12-month low of $1.65 and a 12-month high of $5.80.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AMTD Digital stock. Faithward Advisors LLC increased its holdings in AMTD Digital Inc. (NYSE:HKD - Free Report) by 54.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,000 shares of the company's stock after buying an additional 5,647 shares during the quarter. Faithward Advisors LLC's holdings in AMTD Digital were worth $47,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 5.75% of the company's stock.

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.