AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares (NYSE:AMTD) Sees Significant Increase in Short Interest

AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares (NYSE:AMTDGet Free Report) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 15,578 shares, an increase of 780.6% from the July 30th total of 1,769 shares. Based on an average daily trading volume, of 12,289 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.0% of the shares of the company are short sold.

AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares Trading Up 1.3%

AMTD traded up $0.01 during midday trading on Wednesday, hitting $0.78. 159 shares of the company traded hands, compared to its average volume of 22,269. The company has a debt-to-equity ratio of 0.12, a quick ratio of 14.80 and a current ratio of 14.80. AMTD IDEA Group American Depositary Shares, each representing six has a 52-week low of $0.71 and a 52-week high of $1.65. The business has a 50 day simple moving average of $0.86 and a two-hundred day simple moving average of $0.96.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Check Out Our Latest Research Report on AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares

AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares Company Profile

(Get Free Report)

AMTD IDEA Group is a financial institution operating in five business segments: The capital market solutions segment assists customers in raising funds through equity and debt financing, private placements, and debt issuances. The digital solutions and other services segment provides institutional and corporate clients with paid access to enhance investor communication and relations, corporate communication also provides digital financial solution services. The Media and entertainment segment offers print and digital advertising campaigns, licensing, and marketing services including branded content, video production.

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