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

Amesite Inc. (NASDAQ:AMST) was the target of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 32,000 shares, a drop of 22.7% from the January 15th total of 41,400 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily trading volume, of 87,900 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Amesite

A hedge fund recently bought a new stake in Amesite stock. Renaissance Technologies LLC purchased a new position in shares of Amesite Inc. (NASDAQ:AMST) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 12,200 shares of the company’s stock, valued at approximately $58,000. Renaissance Technologies LLC owned about 0.44% of Amesite as of its most recent SEC filing. 3.60% of the stock is owned by hedge funds and other institutional investors.

Amesite Stock Down 0.6 %

Amesite stock traded down $0.02 during midday trading on Friday, reaching $3.30. The stock had a trading volume of 14,951 shares, compared to its average volume of 93,207. The firm’s fifty day simple moving average is $3.77 and its 200-day simple moving average is $2.97. Amesite has a 1-year low of $1.85 and a 1-year high of $6.27.

Amesite (NASDAQ:AMST) last announced its earnings results on Friday, February 7th. The company reported ($0.40) earnings per share (EPS) for the quarter. Amesite had a negative net margin of 3,878.07% and a negative return on equity of 137.00%.

Amesite Company Profile

Amesite Inc, an artificial intelligence driven platform and course designer, that provides online products in the United States. The company uses machine learning to offer a mass customized experience to learners. It serves businesses, universities and colleges, K-12 schools, museums, and non-profit organizations.