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

Key Points

• Short interest jumped 31.9% in March to 1,981,056 shares, equal to about 0.8% of the stock and a short-interest ratio of roughly 1.5 days based on average daily volume.
• Analyst sentiment is bearish: Weiss Ratings began coverage on March 9 with a "sell (d)" and MarketBeat shows a consensus rating of "Sell."
• AMTD Digital traded at $1.49 (down 2.3%), below its 50- and 200-day moving averages and closer to its 12-month low, while hedge funds own about 5.75% of the shares with firms like Renaissance and Virtu increasing stakes.

AMTD Digital Inc. Sponsored ADR (NYSE:HKD - Get Free Report) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 1,981,056 shares, a growth of 31.9% from the February 26th total of 1,501,665 shares. Based on an average daily volume of 1,363,404 shares, the short-interest ratio is currently 1.5 days. Approximately 0.8% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings started coverage on AMTD Digital in a report on Monday, March 9th. They issued a "sell (d)" rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of "Sell".

AMTD Digital Trading Down 2.3%

NYSE HKD traded down $0.04 during trading on Friday, hitting $1.49. 171,075 shares of the company's stock traded hands, compared to its average volume of 782,362. The stock has a fifty day moving average of $1.54 and a two-hundred day moving average of $1.59. AMTD Digital has a 12-month low of $1.26 and a 12-month high of $5.47. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.92 and a current ratio of 1.92.

Hedge Funds Weigh In On AMTD Digital

Large investors have recently bought and sold shares of the stock. XTX Topco Ltd purchased a new stake in shares of AMTD Digital during the fourth quarter valued at approximately $80,000. Renaissance Technologies LLC increased its stake in shares of AMTD Digital by 127.2% in the fourth quarter. Renaissance Technologies LLC now owns 83,161 shares of the company's stock worth $106,000 after buying an additional 46,561 shares during the period. Finally, Virtu Financial LLC increased its stake in shares of AMTD Digital by 182.5% in the third quarter. Virtu Financial LLC now owns 63,567 shares of the company's stock worth $114,000 after buying an additional 41,063 shares during the period. 5.75% of the stock is 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.

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