AMTD Digital Inc. (NYSE:HKD) Short Interest Up 17.1% in January

AMTD Digital Inc. (NYSE:HKD) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 943,200 shares, a growth of 17.1% from the January 15th total of 805,200 shares. Based on an average trading volume of 408,100 shares, the days-to-cover ratio is currently 2.3 days.

AMTD Digital Price Performance

Shares of HKD stock traded up $0.02 during mid-day trading on Friday, reaching $2.76. The stock had a trading volume of 221,486 shares, compared to its average volume of 477,164. The firm’s 50 day simple moving average is $2.75 and its 200 day simple moving average is $3.03. AMTD Digital has a one year low of $2.55 and a one year high of $5.80.

Institutional Trading of AMTD Digital

A number of hedge funds have recently modified their holdings of the company. Faithward Advisors LLC lifted its position in shares of AMTD Digital by 54.5% during the 4th quarter. Faithward Advisors LLC now owns 16,000 shares of the company’s stock worth $47,000 after buying an additional 5,647 shares during the period. XTX Topco Ltd bought a new position in shares of AMTD Digital during the 4th quarter worth approximately $102,000. Finally, International Assets Investment Management LLC bought a new position in shares of AMTD Digital during the 3rd quarter worth approximately $460,000. Institutional investors own 5.75% of the company’s stock.

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.