AMTD Digital Inc. (NYSE:HKD) Sees Large Growth in Short Interest

AMTD Digital Inc. (NYSE:HKD) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 791,300 shares, an increase of 9.4% from the December 15th total of 723,500 shares. Based on an average trading volume of 398,100 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in AMTD Digital stock. International Assets Investment Management LLC bought a new stake in shares of AMTD Digital Inc. (NYSE:HKD) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,520 shares of the company’s stock, valued at approximately $460,000. 5.75% of the stock is currently owned by hedge funds and other institutional investors.

AMTD Digital Stock Performance

Shares of HKD traded up $0.03 during trading hours on Friday, hitting $2.67. The stock had a trading volume of 162,225 shares, compared to its average volume of 364,273. The firm has a 50-day moving average price of $2.85 and a 200 day moving average price of $3.13. AMTD Digital has a fifty-two week low of $2.55 and a fifty-two week high of $5.80.

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.