AMCI Acquisition Corp. (NASDAQ:AMCI) Sees Large Growth in Short Interest

AMCI Acquisition Corp. (NASDAQ:AMCIGet 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:AMCIGet 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

AMCI has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of AMCI Acquisition in a research note on Tuesday, July 21st. Wall Street Zen raised AMCI Acquisition from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 23rd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

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

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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

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