Amesite Inc. (NASDAQ:AMST) Stock Short Interest Jumps 97.2%

Amesite Inc. (NASDAQ:AMST – Get Free Report) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 25,472 shares, a growth of 97.2% from the August 31st total of 12,920 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 53,729 shares, the days-to-cover ratio is presently 0.5 days.

Amesite Stock Up 0.0%

NASDAQ AMST traded up $0.00 during mid-day trading on Wednesday, hitting $0.99. The stock had a trading volume of 29,036 shares, compared to its average volume of 1,162,855. The company has a 50 day simple moving average of $1.03 and a 200 day simple moving average of $1.27. The company has a market cap of $6.49 million, a price-to-earnings ratio of -1.57 and a beta of 1.00. Amesite has a 52-week low of $0.77 and a 52-week high of $3.90.

Amesite (NASDAQ:AMST – Get Free Report) last posted its earnings results on Wednesday, September 23rd. The company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.96) by $0.78. The company had revenue of $0.08 million for the quarter, compared to analyst estimates of $0.25 million. Amesite had a negative return on equity of 162.26% and a negative net margin of 850.55%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amesite in a report on Friday, August 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Check Out Our Latest Stock Analysis on Amesite

About Amesite

(Get Free Report)

Amesite Inc (NASDAQ:AMST) is a technology company that develops artificial intelligence-powered learning and workforce training solutions. Its platform is designed to help organizations create, deliver and manage online educational programs, including courses that can be customized for specific institutions, employers and learner populations.

The company’s offerings support digital learning, professional development and skills training through tools for course delivery, learner engagement and program administration.

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