Amesite Inc. (NASDAQ:AMST) Short Interest Update

Amesite Inc. (NASDAQ:AMST) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 84,000 shares, a decrease of 71.3% from the September 15th total of 292,600 shares. Approximately 2.3% of the shares of the stock are sold short. Based on an average trading volume of 693,600 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 693,600 shares, the days-to-cover ratio is presently 0.1 days. Approximately 2.3% of the shares of the stock are sold short.

Amesite Stock Down 1.5%

Shares of AMST stock opened at $3.18 on Monday. Amesite has a twelve month low of $2.00 and a twelve month high of $6.27. The company has a market cap of $14.53 million, a P/E ratio of -2.94 and a beta of 1.08. The business has a fifty day simple moving average of $3.04 and a 200 day simple moving average of $2.82.

Amesite (NASDAQ:AMST) last announced its quarterly earnings data on Monday, September 29th. The company reported ($0.18) earnings per share for the quarter. Amesite had a negative return on equity of 145.01% and a negative net margin of 3,258.56%.The business had revenue of $0.06 million for the quarter.

Institutional Trading of Amesite

An institutional investor recently raised its position in Amesite stock. Kovitz Investment Group Partners LLC raised its position in Amesite Inc. (NASDAQ:AMST) by 275.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 136,334 shares of the company’s stock after purchasing an additional 100,000 shares during the quarter. Kovitz Investment Group Partners LLC owned 4.88% of Amesite worth $330,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 3.60% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Amesite in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Amesite Company Profile

Amesite Inc, an artificial intelligence driven platform and course designer, that provides online products in the United States. The company uses machine learning to offer a mass customized experience to learners. It serves businesses, universities and colleges, K-12 schools, museums, and non-profit organizations.