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

AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares (NYSE:AMTD) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 872,521 shares, an increase of 26,188.7% from the September 30th total of 3,319 shares. Based on an average daily trading volume, of 8,074,127 shares, the short-interest ratio is presently 0.1 days. Approximately 54.5% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered 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, September 18th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares Trading Up 3.7%

Shares of NYSE AMTD traded up $0.94 during midday trading on Monday, hitting $26.50. The company’s stock had a trading volume of 14,545 shares, compared to its average volume of 8,727. AMTD IDEA Group American Depositary Shares, each representing six has a 1-year low of $21.01 and a 1-year high of $99.00. The firm’s fifty day moving average price is $40.75 and its 200-day moving average price is $51.23.

AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares (NYSE:AMTD) last issued its earnings results on Friday, October 23rd. The company reported $0.13 earnings per share (EPS) for the quarter. The business had revenue of $33.57 million during the quarter.

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

AMTD IDEA Group is an investment holding company and a subsidiary of AMTD Group. Through its businesses, the company provides financial services and investment solutions, with activities that have included investment banking, capital markets, securities brokerage, asset management, and strategic investment.

The company serves corporations, institutional investors, asset managers, and other clients, primarily through operations connected to Greater China and broader Asian markets. Its investment banking and capital-markets activities have included equity and debt financing, mergers and acquisitions advisory, and related corporate finance services, while its asset-management and investment businesses focus on managing and deploying capital across selected opportunities.

AMTD IDEA Group was formerly known as AMTD International Inc and has been associated with AMTD Group, a financial-services conglomerate founded by Calvin Choi.