AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares (NYSE:AMTD) Short Interest Up 780.6% in August

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

AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares Trading Down 4.1%

NYSE AMTD traded down $0.03 during trading hours on Tuesday, reaching $0.77. 6,091 shares of the stock traded hands, compared to its average volume of 15,245. The company has a current ratio of 14.80, a quick ratio of 14.80 and a debt-to-equity ratio of 0.12. The stock has a 50 day simple moving average of $0.86 and a two-hundred day simple moving average of $0.96. AMTD IDEA Group American Depositary Shares, each representing six has a 1 year low of $0.71 and a 1 year high of $1.65.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of 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 report on Friday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares has a consensus rating of “Sell”.

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

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.