AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares (NYSE:AMTD) Stock Short Interest Falls 99.3%

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 in 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. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 55,129 shares, the days-to-cover ratio is currently 0.1 days.

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

NYSE AMTD traded down $1.10 on Tuesday, reaching $12.30. 22,866 shares of the stock traded hands, 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 company has a fifty day moving average price of $33.92 and a 200-day moving average price of $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 firm 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 research note on Monday, October 26th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company 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.