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

AMTD Digital Inc. (NYSE:HKD) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 943,200 shares, a growth of 17.1% from the January 15th total of 805,200 shares. Based on an average trading volume of 408,100 shares, the short-interest ratio is currently 2.3 days.

Institutional Trading of AMTD Digital

Several hedge funds have recently made changes to their positions in HKD. International Assets Investment Management LLC bought a new stake in AMTD Digital during the third quarter worth approximately $460,000. Faithward Advisors LLC lifted its stake in shares of AMTD Digital by 54.5% in the 4th quarter. Faithward Advisors LLC now owns 16,000 shares of the company’s stock valued at $47,000 after purchasing an additional 5,647 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of AMTD Digital in the 4th quarter worth approximately $102,000. 5.75% of the stock is currently owned by hedge funds and other institutional investors.

AMTD Digital Price Performance

AMTD Digital stock traded up $0.02 during mid-day trading on Monday, reaching $2.76. 221,486 shares of the company’s stock traded hands, compared to its average volume of 477,164. AMTD Digital has a 12-month low of $2.55 and a 12-month high of $5.80. The stock has a 50 day moving average of $2.75 and a two-hundred day moving average of $3.02.

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.