Short Interest in Amesite Inc. (NASDAQ:AMST) Expands By 56.6%

Amesite Inc. (NASDAQ:AMST) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 27,400 shares, a growth of 56.6% from the July 15th total of 17,500 shares. Based on an average trading volume of 16,900 shares, the days-to-cover ratio is presently 1.6 days. Approximately 1.6% of the shares of the stock are sold short.

Amesite Price Performance

AMST stock traded up $0.21 during trading on Wednesday, hitting $3.13. 8,320 shares of the company’s stock traded hands, compared to its average volume of 491,759. Amesite has a 52 week low of $1.72 and a 52 week high of $4.34. The business has a fifty day simple moving average of $2.81 and a 200 day simple moving average of $2.69.

Amesite (NASDAQ:AMST) last announced its earnings results on Tuesday, July 16th. The company reported ($0.56) earnings per share (EPS) for the quarter. The business had revenue of $0.03 million for the quarter. Amesite had a negative net margin of 1,598.47% and a negative return on equity of 86.32%.

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.