Low float stocks can be some of the most volatile stocks in the market. What Is Going on With AMTD Digital (HKD) Stock Today? Nasdaq However, just over two weeks after its IPO, AMTD Digital's share price soared past $2,000, an impressive 12,000%-plus gain. Remember the trading adage: The market can stay irrational longer than you can remain solvent.. such as bid/ask are not available. On the date of publication, Dana Blankenhorn held long positions in BABA. HKD hit the market at a share price of $7.80 and reached over $2,000 per share this week. The stock was down 15.13% at $600at time of publication Monday. See Also:If You Invested $1000 In The AMTD Digital IPO, Here's How Much You'd Have Now. This fee is shown as an annual percentage rate (APR). Note that The company issued a statement on Tuesday, saying it, expressed its appreciation of support from the investor community for the successful completion of its initial public offering (IPO) of 16,000,000 American depositary shares (ADSs) at a price of US$7.80 per ADS. Dividends paid HKD stock closed above $930/share last August. AMTD Idea Group currently has a market cap of around$3.5 billion, according to data fromBenzinga Pro. Short interest is not self-reported. Not long ago, holding company AMTD IDEA Group (NYSE:AMTD) stock rose from obscurity. AreReddit traders behind this astounding rally? 1 Month. A meme stock is a pure child of the 2020s. It's being called The $300 billion meme stock that makes GameStop look like chi. This section uses the official NYSE-supplied short interest and provides some value-added metrics, calculated daily. . On the date of publication, David Moadeldid not have (either directly or indirectly) any positions in the securities mentioned in this article. When it is time to report, any open AMTD IDEA Group to Inject US$500 Million Worth of Global Portfolio of Premium Real Estate Assets Located in Major Cities into AMTD Digital Inc. Business Wire 08/16/2022 11:29:00 AM. The effect of this change is that the updated model will favor low-float companies over others, all other things being equal. * Aggregate short volume and aggregate total volume column does not show the actual total volume across all trading venues, but just the venues we track. Short Interest What It Is, What It Is Not. $0. we provide are sourced directly from the stock exchanges (NASDAQ, NYSE, NYSE American, NYSE Arca, CBOE, and IEX) and FINRA. AMTD Group to Add International Fashion Brand VIVIENNE TAM to Its Portfolio After Acquisition of L'Officiel Inc SAS. Float - Daily (although changes infrequently) Are dark pool trades counted in short interest figures? Shares rose 67% before trading opened on Jan. 5, re NEW YORK & HONG KONG & SINGAPORE--(BUSINESS WIRE)--AMTD IDEA Group (AMTD IDEA) (NYSE: AMTD; SGX: HKB), a subsidiary of AMTD Group Company Limited (AMTD Group) and a leading platform for comprehens AMTD Digital (NYSE: HKD) stock is climbing over 18% in early trading after advancing 35% yesterday. Canada, Australia and Hong Kong. Is AMTD Digital Going To Be The Next GameStop Short squeeze stock? AMTD / AMTD International Inc. American Depositary Shares, each representing one Class A Ordinary Share short borrow fee rates are shown in the That business describes itself as a one-stop digital solutions platform involved in digital financial services, digital media, content & marketing, SpiderNet ecosystem solutions, and digital investments.. This makes this type of stock attractive for investors looking to turn a small amount of money into a crazy amount in a short amount of time. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. . The Short Interest AMTD DIGITAL INC-ADR - HKD. We welcome your suggestions for improvement. If we can look past the meme-stock implications for a moment, we can see that AMTD Idea Group is actually an intriguing company. Figure 1:ATMD Digital: Why Did the Stock Suddenly Skyrocket? show the actual volumes across all trading venues, but just the venues we track. Researcher and operations manager at DM Martins Research. Also, the article may contain affiliate links. AMTD Digital released a statement last week, thanking investors for their support through the successful completion of its IPO, which saw 16 million American depositary shares offeredfor$7.80 per share. To make sure you don't miss any of Tom's picks,subscribe to his mailing list here. - Shares Outstanding and Shares Float dated provided by Capital IQ. Short Interest What It Is, What It Is Not. When it is time to report, any open HKD hit the market at a share price of $7.80 and reached over $2,000 per share this week. AMTD stock is likely to remain volatile for a while. This number is included in both the "Short Volume" and "Total Volume" numbers. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Low float stocks have a good chance of short squeezing. The term stands for the fear of missing out, coined by Patrick J. McGinnis in 2004 and used largely by the highly connected millennials and Generation Z. AMC STOCK CEO CONTACTS FINRA & NYSE LOOKING FOR ANSWERS! $8.32 %Change 1hr. Everything You Need to Know about the HKD Short Squeeze (AMTD Digital) Tom Zuzolo 75.8K subscribers Subscribe 3.8K views 6 months ago For business inquiries please email me here:. from the Days To Cover published elsewhere on Fintel because we use a shorter lookback period when calculating average volume. that have the highest risk of experiencing a gamma squeeze. AMTD Digital became one of the world's most valuable companies after squeezing higher following its IPO in mid-July. So, for example, daily data for the month of March would arrive on our around mid April. HEDGE FUNDS SQUEEZED HARDER THAN 2021 MEME STOCK ERA! Of those 291,000 were listed as short in mid-December. is provided in the table below. Its black gates are guarded by more than just orcs. This website is provided as is without any representations or warranties, express or implied. All rights reserved. During the period since our initial public offering, the Company noted significant volatility in our ADS price and, also observed some very active trading volume. Reddit users on forums like r/wallstreetbets built a foundation for GameStop's short squeeze to suddenly raise the share price. None of that explains the, as of writing, 80% rise in HKD stock. have 25% short float, but one has 10M unshorted shares floating and the other has 200M unshorted shares floating, the first one is clearly more susceptible to a short squeeze. Even though there is no evidence that the HKD price spike originated from a short squeeze, its trading activity drew attention to the stock. For more information on how to interpret this data, read this Hong Kong-based financial services startup AMTD Digital is up over 3,000% in the past week, and was up over 100% yesterday. The scoring model uses a combination of short interest, float, short borrow fee rates, daily data (short volume, fails-to-deliver) in the middle, For the vast majority of retail investors, then, its probably wise to watch AMTD Digital from a distance but not get involved. Investors should only trade AMTD stock if they can handle the volatility and risks involved. The term is generally regarded with a negative connotation, sometimes contributing to a persons indecisiveness or overcommitting to obligations.. AMTD Digital(NYSE:HKD), the companys subsidiary, was probably the target of a massive short squeeze. Shares of the Hong Kong fintech company closed at $10.07 on 4 Jan and now trade hands for $29.75 at the time of writing. We get this data directly from those agencies on a daily or twice-weekly basis. These situations often start with a short squeeze, and then turn into a self-fulfilling prophecy in the short run on the way up. (Disclaimers: this is not investment advice. The 32,000%surge in AMTD Digitalshares caught the attention of Hindenburg Research'sNate Anderson. The values of total fails-to-deliver shares represent the aggregate net balance of shares that failed to be delivered as of a particular settlement date. See our Short Squeeze Leaderboards for US, A meme (pronounced MEEM) is a part of the language of the internet. Also, its been reported that the related HKD stock was recently the most popular mention on Reddits WallStreetBets chat room. So, again, were seeing the signs of a short squeeze here. A stocks float is the number of shares that trade freely on the public market. The Short Squeeze Score is the result of a sophisticated, multi-factor quantitative model that identifies companies that have the highest risk of experiencing a short squeeze. Meme stocks dont start out with criminal intent but lure in unsophisticated investors who may not fully understand market dynamics and valuation. updates of the Short Interest % Float for the last fifteen days. 5.05%. AMTD Digital, last summer's speculative darling, is off to the races again. This article is excerpted from Tom Yeung's Profit & Protection newsletter dated Aug. 5, 2022. 2015-2023 Fintel Ventures LLC. If all shares were delivered on a particular day, then there will be no entry in the table. we use are sourced from Capital IQ, which is one of the top firms that provide this data. The author may be long one or more stocks mentioned in this report. The Gamma Squeeze Score is the result of a multi-factor quantitative model that identifies companies The float and shares outstanding AsInvestorPlace contributor Dana Blankenhorn explained, AMTD Digitals shares were first listed in the U.S. on July 15. Figure 2: HKD stock performance on August 2. Source: Short Interest provided by NYSE AMTD Digital Inc - ADR HKD shares lit up headlines last week after the stock squeezed significantly higher, making the digital solutions platform company one of the most valuable firms in the. Here's what's happening. If you mix in a short squeeze, the potential short-term gains in a low float stock can be extreme. Our David Moadel warned investors away back then. Learn more. There's nothing special about AMTD Digital in particular as a business, and the share-price surge is likely due to a short squeeze. This website is provided as is without any representations or warranties, express or implied. In a statement, the company noted that its American depositary receipts that are trading on the NYSE are still undergoing an "initial stabilization period.". 1125 N. Charles St, Baltimore, MD 21201. $1.59b. Thanks for supporting Wall Street Memes). If youre in the U.S., chances are pretty good that you never heard of AMTD Digital until a few days ago, if youre familiar with the company at all. and the slowest updated data (short interest) at the bottom. Sign up below to get this incredible offer! Short Interest is updated twice monthly on set schedule, but float can be updated more frequently (although it does not change every day), so we provide daily