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

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

AMTD Digital Trading Up 3.4%

HKD traded up $0.06 during midday trading on Wednesday, reaching $1.85. 572,528 shares of the company's stock were exchanged, compared to its average volume of 627,849. AMTD Digital has a one year low of $1.65 and a one year high of $5.80. The business has a 50-day simple moving average of $2.04 and a two-hundred day simple moving average of $2.38. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.10.

Hedge Funds Weigh In On AMTD Digital

An institutional investor recently bought a new position in AMTD Digital stock. XTX Topco Ltd acquired a new stake in shares of AMTD Digital Inc. Sponsored ADR (NYSE:HKD - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 34,435 shares of the company's stock, valued at approximately $102,000. Hedge funds and other institutional investors own 5.75% of the company's stock.

AMTD Digital Company Profile

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.