Amesite Inc. (NASDAQ:AMST) Short Interest Update

Amesite Inc. (NASDAQ:AMSTGet Free Report) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 588,572 shares, an increase of 77.2% from the May 14th total of 332,163 shares. Based on an average daily trading volume, of 20,402,919 shares, the short-interest ratio is presently 0.0 days. Approximately 15.8% of the company’s stock are short sold.

Amesite Stock Performance

NASDAQ:AMST opened at $1.27 on Wednesday. The company has a market cap of $7.43 million, a PE ratio of -2.02 and a beta of 0.95. Amesite has a twelve month low of $0.77 and a twelve month high of $4.78. The company’s 50 day moving average is $1.40 and its two-hundred day moving average is $1.79.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Amesite from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Read Our Latest Analysis on Amesite

Insider Activity

In other news, Director George Parmer acquired 243,902 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were purchased at an average price of $1.44 per share, with a total value of $351,218.88. Following the transaction, the director directly owned 566,962 shares in the company, valued at approximately $816,425.28. This represents a 75.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 36.50% of the stock is currently owned by insiders.

Institutional Trading of Amesite

An institutional investor recently bought a new position in Amesite stock. Virtu Financial LLC acquired a new stake in shares of Amesite Inc. (NASDAQ:AMSTFree Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 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 quarter. 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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