Short Interest in AMCI Acquisition Corp. (NASDAQ:AMCI) Declines By 74.1%

AMCI Acquisition Corp. (NASDAQ:AMCI) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 11,350 shares, a decline of 74.1% from the July 15th total of 43,892 shares. Based on an average trading volume of 167,182 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On AMCI Acquisition

Institutional investors and hedge funds have recently modified their holdings of the stock. Harraden Circle Investments LLC acquired a new stake in shares of AMCI Acquisition in the fourth quarter valued at about $1,115,000. DLD Asset Management LP acquired a new position in AMCI Acquisition during the 4th quarter worth approximately $84,000. Finally, Themes Management Co LLC acquired a new position in AMCI Acquisition during the 1st quarter worth approximately $213,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AMCI shares. Weiss Ratings restated a “sell (e+)” rating on shares of AMCI Acquisition in a report on Tuesday, July 21st. Wall Street Zen upgraded AMCI Acquisition from a “strong sell” rating to a “hold” rating in a report on Saturday, May 23rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

AMCI Acquisition Stock Performance

Shares of NASDAQ:AMCI traded up $0.08 during midday trading on Thursday, hitting $4.69. 119,682 shares of the company’s stock traded hands, compared to its average volume of 123,700. The company has a market cap of $106.08 million, a PE ratio of 469.40 and a beta of 0.27. The firm’s fifty day moving average price is $4.79 and its two-hundred day moving average price is $5.70. AMCI Acquisition has a twelve month low of $2.50 and a twelve month high of $42.00.

AMCI Acquisition (NASDAQ:AMCI) last announced its quarterly earnings results on Monday, April 20th. The company reported ($1.64) earnings per share (EPS) for the quarter. The company had revenue of $1.29 million during the quarter.

AMCI Acquisition Company Profile

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.