AMCI Acquisition Corp. (NASDAQ:AMCI – Get Free Report) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 44,014 shares, a growth of 165.7% from the August 15th total of 16,567 shares. Based on an average daily volume of 179,997 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the company’s stock are sold short.
AMCI Acquisition Stock Up 3.1%
Shares of NASDAQ AMCI opened at $3.28 on Friday. AMCI Acquisition has a 1 year low of $2.50 and a 1 year high of $42.00. The stock’s 50-day simple moving average is $4.70 and its 200-day simple moving average is $5.44.
AMCI Acquisition (NASDAQ:AMCI – Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $0.94 million during the quarter.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on AMCI
Institutional Trading of AMCI Acquisition
Several institutional investors have recently added to or reduced their stakes in AMCI. DLD Asset Management LP acquired a new position in AMCI Acquisition during the 4th quarter worth $84,000. Themes Management Co LLC acquired a new stake in shares of AMCI Acquisition in the 1st quarter valued at about $213,000. Finally, Harraden Circle Investments LLC acquired a new stake in shares of AMCI Acquisition in the 4th quarter valued at about $1,115,000. 46.08% of the stock is owned by institutional investors and hedge funds.
About AMCI Acquisition
AMCI Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses operating in the natural resource infrastructure, value chain, and logistics-related sectors. The company was founded in 2018 and is based in Latrobe, Pennsylvania.
Further Reading
- Five stocks we like better than AMCI Acquisition
- Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy?
- Optical Cable Corporation Is Starting to Get the Market’s Attention
- Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers
- Is Nike’s Index Demotion a Warning or a Buying Opportunity?
Receive News & Ratings for AMCI Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMCI Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.
