Short Interest in AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares (NYSE:AMTD) Drops By 56.3%

AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares (NYSE:AMTD) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 6,806 shares, a decrease of 56.3% from the August 15th total of 15,578 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 12,216 shares, the days-to-cover ratio is presently 0.6 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised 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 4th. One equities research 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 an average rating of “Sell”.

AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares Trading Down 7.4%

Shares of AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares stock traded down $0.06 on Tuesday, reaching $0.71. 14,066 shares of the company’s stock were exchanged, compared to its average volume of 8,003. 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 firm’s 50-day moving average is $0.80 and its two-hundred day moving average is $0.94. The company has a debt-to-equity ratio of 0.12, a current ratio of 14.80 and a quick ratio of 14.80.

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

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.