Short Interest in AMTD Digital Inc. (NYSE:HKD) Expands By 9.4%

AMTD Digital Inc. (NYSE:HKD) saw a large increase in short interest in the month of 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 daily volume of 398,100 shares, the days-to-cover ratio is presently 2.0 days.

AMTD Digital Price Performance

AMTD Digital stock traded up $0.03 during trading on Monday, reaching $2.67. The company had a trading volume of 162,225 shares, compared to its average volume of 364,273. AMTD Digital has a 52 week low of $2.55 and a 52 week high of $5.80. The firm’s 50-day simple moving average is $2.85 and its 200 day simple moving average is $3.13.

Hedge Funds Weigh In On AMTD Digital

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

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.