AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares (NYSE:AMTD) Shares Shorted: Short Interest Down 99.3% in October

AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares (NYSE:AMTD) saw a large drop in short interest in October. As of October 30th, there was short interest totaling 6,178 shares, a drop of 99.3% from the October 15th total of 872,521 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 55,129 shares, the short-interest ratio is currently 0.1 days.

AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares Stock Down 8.2%

AMTD traded down $1.10 on Tuesday, reaching $12.30. The stock had a trading volume of 22,866 shares, compared to its average volume of 101,238. AMTD IDEA Group American Depositary Shares, each representing six has a 12-month low of $11.54 and a 12-month high of $68.40. The business’s 50-day moving average price is $33.92 and its two-hundred day moving average price is $51.42.

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

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 report on Monday, October 26th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares presently has a consensus rating of “Sell”.

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

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.