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

Amesite Inc. (NASDAQ:AMST) saw a large decrease in short interest in July. As of July 15th, there was short interest totaling 55,399 shares, a decrease of 33.9% from the June 30th total of 83,801 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average daily volume of 69,934 shares, the days-to-cover ratio is currently 0.8 days.

Amesite Trading Up 7.6%

Shares of Amesite stock opened at $0.98 on Friday. The company has a 50 day moving average of $1.24 and a 200-day moving average of $1.53. Amesite has a 1-year low of $0.77 and a 1-year high of $4.78. The company has a market cap of $6.39 million, a PE ratio of -1.55 and a beta of 0.94.

Amesite (NASDAQ:AMST) last announced its quarterly earnings data on Monday, May 18th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.96) by $0.81. Amesite had a negative net margin of 873.02% and a negative return on equity of 154.31%. The business had revenue of $0.08 million for the quarter, compared to analysts’ expectations of $0.25 million.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Amesite

A hedge fund recently bought a new stake in Amesite stock. Virtu Financial LLC purchased a new stake in Amesite Inc. (NASDAQ:AMST) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 Securities and Exchange Commission. 3.60% of the stock is currently owned by institutional investors and hedge funds.

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.