Short Interest in Amesite Inc. (NASDAQ:AMST) Drops By 33.9%

Amesite Inc. (NASDAQ:AMSTGet Free Report) saw a large decrease in short interest in July. As of July 15th, there was short interest totaling 55,399 shares, a decrease of 33.9% from the June 30th total of 83,801 shares. Based on an average trading volume of 69,934 shares, the short-interest ratio is currently 0.8 days. Currently, 1.3% of the company’s stock are sold short.

Amesite Trading Up 1.5%

AMST opened at $0.99 on Friday. The firm has a market cap of $6.48 million, a price-to-earnings ratio of -1.57 and a beta of 0.94. Amesite has a 12 month low of $0.77 and a 12 month high of $4.78. The stock has a fifty day moving average price of $1.21 and a 200-day moving average price of $1.53.

Amesite (NASDAQ:AMSTGet Free Report) last issued its quarterly earnings data on Monday, May 18th. The company reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.96) by $0.81. Amesite had a negative return on equity of 154.31% and a negative net margin of 873.02%.The firm had revenue of $0.08 million during the quarter, compared to analysts’ expectations of $0.25 million.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Amesite from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 26th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Get Our Latest Analysis on AMST

Institutional Trading of Amesite

An institutional investor recently bought a new position in Amesite stock. HRT Financial LP acquired a new position in Amesite Inc. (NASDAQ:AMSTFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 22,040 shares of the company’s stock, valued at approximately $41,000. HRT Financial LP owned about 0.48% of Amesite as of its most recent SEC filing. Hedge funds and other institutional investors own 3.60% of the company’s stock.

Amesite Company Profile

(Get Free Report)

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.

Further Reading

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