(HKD) - Analyzing AMTD Digital's Short Interest
Portfolio Pulse from Benzinga Insights
AMTD Digital (NYSE:HKD) has seen a decrease in short interest, now at 0.66% of its float, lower than its peer group average of 11.05%. This reduction from 13.16% since the last report suggests a potential shift in market sentiment towards a more bullish outlook. The current short interest represents 1.27 million shares, with a cover time of 2.75 days based on trading volume.
February 15, 2024 | 4:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
AMTD Digital's short interest has decreased, indicating a potential shift towards a more bullish market sentiment.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For AMTD Digital, this reduction in short interest could indicate that market sentiment is shifting in a positive direction, potentially leading to an increase in stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90