AMTD Digital (HKD) had the highest return in July 2022 by a small-cap US stock, returning 2,978.8%.

ASSET	MONTH	% RETURN
AMTD Digital (HKD)	July 2022	2,978.85%
Getty Images (GETY)	July 2022	162.02%
Vertical Aerospace (EVTL)	July 2022	151.25%
Target Hospitality (TH)	July 2022	140.38%
Skywater Technology (SKYT)	July 2022	121.78%
Eos Energy Enterprises (EOSEW)	July 2022	97.3%
Avadel Pharmaceuticals (AVDL)	July 2022	93.06%
Galectin Therapeutics (GALT)	July 2022	71.21%
Kura Sushi USA (KRUS)	July 2022	71.14%
Uxin (UXIN)	July 2022	67.42%
Weave Communications (WEAV)	July 2022	65.35%
Lightwave Logic (LWLG)	July 2022	64.91%
GCM Grosvenor (GCMGW)	July 2022	63.93%
Cadiz (CDZI)	July 2022	62.66%
Kopin (KOPN)	July 2022	60.91%
Clene (CLNNW)	July 2022	60.8%
National CineMedia (NCMI)	July 2022	60.44%
Katapult Holdings Equity Warrants Exp 09 June 2026 (KPLTW)	July 2022	60.26%
AMTD IDEA (AMTD)	July 2022	60%
Clearfield (CLFD)	July 2022	59.49%
Bel Fuse B (BELFB)	July 2022	58.66%
LightPath Technologies (LPTH)	July 2022	58.39%
Frontier (ULCC)	July 2022	56.54%
American Resources Corp Class A (AREC)	July 2022	56.34%
Tyra Biosciences (TYRA)	July 2022	55.47%

Small-cap stocks are treated as having a market cap between $300M and $2B.