Amesite Inc. (NASDAQ:AMST) Sees Large Decrease in Short Interest

Amesite Inc. (NASDAQ:AMSTGet Free Report) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 7,028 shares, a decrease of 88.2% from the July 30th total of 59,677 shares. Based on an average daily trading volume, of 79,307 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the shares of the stock are short sold.

Amesite Trading Down 0.9%

AMST traded down $0.01 on Thursday, hitting $1.09. 142,080 shares of the company were exchanged, compared to its average volume of 1,308,022. The firm has a 50-day moving average price of $1.07 and a two-hundred day moving average price of $1.41. Amesite has a twelve month low of $0.77 and a twelve month high of $4.78. The company has a market cap of $7.14 million, a price-to-earnings ratio of -1.73 and a beta of 0.98.

Institutional Investors Weigh In On Amesite

A hedge fund recently bought a new stake in Amesite stock. HRT Financial LP bought a new stake in Amesite Inc. (NASDAQ:AMSTFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 22,040 shares of the company’s stock, valued at approximately $41,000. HRT Financial LP owned about 0.48% of Amesite at the end of the most recent quarter. Institutional investors and hedge funds own 3.60% of the company’s stock.

Analysts Set New Price Targets

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

Get Our Latest Report on Amesite

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.

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