Short Interest in AMTD Digital Inc. (NYSE:HKD) Increases By 15.2%

AMTD Digital Inc. (NYSE:HKD) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 2,270,000 shares, an increase of 15.2% from the August 15th total of 1,970,000 shares. Based on an average trading volume of 1,790,000 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Investors Weigh In On AMTD Digital

A number of hedge funds and other institutional investors have recently bought and sold shares of HKD. Bank of America Corp DE boosted its stake in shares of AMTD Digital by 6,283.5% during the first quarter. Bank of America Corp DE now owns 29,875 shares of the company’s stock valued at $209,000 after purchasing an additional 29,407 shares in the last quarter. BlackRock Inc. bought a new stake in AMTD Digital during the 1st quarter worth approximately $170,000. Virtu Financial LLC bought a new position in shares of AMTD Digital during the fourth quarter valued at $149,000. XTX Topco Ltd acquired a new position in shares of AMTD Digital during the second quarter worth $129,000. Finally, UBS Group AG bought a new stake in shares of AMTD Digital in the fourth quarter worth $49,000. Institutional investors own 0.43% of the company’s stock.

AMTD Digital Price Performance

AMTD Digital stock remained flat at $5.50 during mid-day trading on Tuesday. 321,256 shares of the company’s stock were exchanged, compared to its average volume of 2,324,374. The company has a fifty day moving average of $6.16 and a two-hundred day moving average of $6.65. AMTD Digital has a 1 year low of $4.80 and a 1 year high of $104.60.

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.