AMTD Digital Inc. Sponsored ADR (NYSE:HKD) Short Interest Down 17.4% in March

AMTD Digital Inc. Sponsored ADR (NYSE:HKD) saw a large decline in short interest in March. As of March 31st, there was short interest totaling 1,635,570 shares, a decline of 17.4% from the March 15th total of 1,981,056 shares. Based on an average daily volume of 201,151 shares, the days-to-cover ratio is presently 8.1 days. Currently, 0.7% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings began coverage on AMTD Digital in a report on Monday, March 9th. They issued a “sell (d)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, AMTD Digital has a consensus rating of “Sell”.

AMTD Digital Stock Down 0.3%

HKD traded down $0.01 during trading on Friday, reaching $1.81. The company’s stock had a trading volume of 502,524 shares, compared to its average volume of 220,900. The company’s fifty day moving average price is $1.62 and its 200-day moving average price is $1.58. AMTD Digital has a 52-week low of $1.26 and a 52-week high of $5.47. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.92 and a quick ratio of 1.92.

Institutional Investors Weigh In On AMTD Digital

A number of hedge funds and other institutional investors have recently modified their holdings of HKD. XTX Topco Ltd acquired a new stake in shares of AMTD Digital during the 4th quarter valued at approximately $80,000. Faithward Advisors LLC lifted its position in shares of AMTD Digital by 324.5% during the 1st quarter. Faithward Advisors LLC now owns 67,921 shares of the company’s stock valued at $106,000 after acquiring an additional 51,921 shares during the period. Renaissance Technologies LLC lifted its position in shares of AMTD Digital by 127.2% during the 4th quarter. Renaissance Technologies LLC now owns 83,161 shares of the company’s stock valued at $106,000 after acquiring an additional 46,561 shares during the period. Finally, Virtu Financial LLC lifted its position in shares of AMTD Digital by 182.5% during the 3rd quarter. Virtu Financial LLC now owns 63,567 shares of the company’s stock valued at $114,000 after acquiring an additional 41,063 shares during the period. 5.75% of the stock is currently owned by institutional investors and hedge funds.

About AMTD Digital

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.