Amesite Inc. (NASDAQ:AMST) Short Interest Down 56.8% in June

Amesite Inc. (NASDAQ:AMST) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 83,801 shares, a drop of 56.8% from the June 15th total of 193,866 shares. Based on an average trading volume of 123,210 shares, the days-to-cover ratio is presently 0.7 days. Currently, 2.3% of the company’s stock are sold short.

Amesite Trading Down 5.3%

NASDAQ:AMST opened at $1.08 on Tuesday. Amesite has a twelve month low of $0.77 and a twelve month high of $4.78. The company has a market cap of $6.32 million, a PE ratio of -1.71 and a beta of 0.94. The company’s 50 day moving average is $1.27 and its two-hundred day moving average is $1.63.

Amesite (NASDAQ:AMST) last posted its quarterly earnings data on Monday, May 18th. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.96) by $0.81. The business had revenue of $0.08 million during 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%.

Insider Activity at Amesite

In related news, Director George Parmer purchased 243,902 shares of Amesite stock in a transaction dated Tuesday, April 28th. The stock was purchased at an average cost of $1.44 per share, with a total value of $351,218.88. Following the transaction, the director owned 566,962 shares in the company, valued at approximately $816,425.28. The trade was a 75.50% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 36.50% of the company’s stock.

Institutional Trading of Amesite

A hedge fund recently bought a new stake in Amesite stock. Virtu Financial LLC purchased a new stake in shares of Amesite Inc. (NASDAQ:AMST) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 14,708 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned about 0.32% of Amesite as of its most recent filing with the SEC. 3.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Amesite from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Amesite Company Profile

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.