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

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

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded 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 research report on Monday, October 26th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has an average rating of “Sell”.

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

AMTD stock opened at $12.30 on Wednesday. AMTD IDEA Group American Depositary Shares, each representing six has a twelve month low of $11.54 and a twelve month high of $68.40. The business’s fifty day moving average is $33.92 and its 200-day moving average is $51.42.

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

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.