Short Interest in Amesite Inc. (NASDAQ:AMST) Decreases By 67.1%

Amesite Inc. (NASDAQ:AMST) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 193,866 shares, a drop of 67.1% from the May 31st total of 588,572 shares. Based on an average daily volume of 188,439 shares, the days-to-cover ratio is presently 1.0 days. Currently, 5.2% of the shares of the company are sold short.

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 research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Amesite Trading Up 0.4%

Shares of AMST traded up $0.01 during trading hours on Tuesday, reaching $1.15. 27,501 shares of the stock traded hands, compared to its average volume of 1,702,612. Amesite has a 52-week low of $0.77 and a 52-week high of $4.78. The company’s 50-day moving average price is $1.29 and its two-hundred day moving average price is $1.71. The company has a market cap of $6.70 million, a P/E ratio of -1.80 and a beta of 0.95.

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

Insider Buying and Selling

In related news, Director George Parmer bought 243,902 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were bought at an average cost of $1.44 per share, for a total transaction of $351,218.88. Following the completion of the transaction, the director owned 566,962 shares of the company’s stock, valued at approximately $816,425.28. This trade represents a 75.50% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 36.50% of the company’s stock.

Institutional Trading of Amesite

An institutional investor recently bought a new stake in Amesite stock. Virtu Financial LLC purchased a new position in Amesite Inc. (NASDAQ:AMST) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,708 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned 0.32% of Amesite at the end of the most recent reporting period. Institutional investors own 3.60% of the company’s stock.

About Amesite

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.