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

Amesite Inc. (NASDAQ:AMST) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 50,029 shares, a growth of 96.4% from the September 15th total of 25,472 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average trading volume of 198,545 shares, the days-to-cover ratio is presently 0.3 days.

Amesite Trading Up 5.2%

Shares of AMST opened at $0.89 on Friday. The business’s 50 day moving average is $1.01 and its 200 day moving average is $1.19. Amesite has a 12-month low of $0.77 and a 12-month high of $3.90. The company has a market capitalization of $5.80 million, a PE ratio of -1.41 and a beta of 0.99.

Amesite (NASDAQ:AMST) last announced its quarterly earnings data on Wednesday, September 23rd. The company reported ($0.18) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.96) by $0.78. The business had revenue of $0.08 million during the quarter, compared to analyst estimates of $0.25 million. Amesite had a negative net margin of 850.55% and a negative return on equity of 162.26%.

Wall Street Analysts Forecast Growth

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

About Amesite

Amesite Inc (NASDAQ:AMST) is a technology company that develops artificial intelligence-powered learning and training solutions. Its platform is designed to help educational institutions, businesses and government organizations create, deliver and manage online learning programs.

The company’s offerings support digital course delivery, learner engagement, content management and analytics. Amesite’s technology is intended to help organizations provide personalized and scalable education and workforce training, with applications that may include professional development, continuing education and other structured learning programs.

Amesite was founded in 2017 and is headquartered in Ann Arbor, Michigan.