Amesite Inc. (NASDAQ:AMST – Get Free Report) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 193,866 shares, a drop of 67.1% from the May 31st total of 588,572 shares. Currently, 5.2% of the shares of the company are sold short. Based on an average trading volume of 188,439 shares, the days-to-cover ratio is currently 1.0 days.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings lowered Amesite from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Amesite has an average rating of “Sell”.
Amesite Price Performance
Amesite (NASDAQ:AMST – Get Free Report) last posted its quarterly earnings results on Monday, May 18th. The company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.96) by $0.81. Amesite had a negative net margin of 873.02% and a negative return on equity of 154.31%. The company had revenue of $0.08 million for the quarter, compared to analysts’ expectations of $0.25 million.
Insider Buying and Selling
In other Amesite news, Director George Parmer purchased 243,902 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The shares were acquired at an average cost of $1.44 per share, for a total transaction of $351,218.88. Following the completion of the acquisition, the director owned 566,962 shares of the company’s stock, valued at $816,425.28. The trade was a 75.50% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 36.50% of the company’s stock.
Institutional Trading of Amesite
An institutional investor recently bought a new position in Amesite stock. Virtu Financial LLC bought a new stake in Amesite Inc. (NASDAQ:AMST – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,708 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned 0.32% of Amesite at the end of the most recent reporting period. Institutional investors own 3.60% of the company’s stock.
About Amesite
Amesite, Inc (NASDAQ: AMST) is a software company specializing in AI-driven digital learning and training solutions. Its cloud-based platform enables organizations to create, manage and deliver customized online courses and professional development programs. Leveraging machine learning and natural language processing, the platform offers real-time analytics, adaptive content recommendations, multimedia assessments and community collaboration tools to support both synchronous and asynchronous learning.
The company’s primary end markets include corporate enterprises, higher education institutions, government agencies and nonprofit organizations.
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