Short Interest in Amesite Inc. (NASDAQ:AMST) Increases By 77.2%

Amesite Inc. (NASDAQ:AMST) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 588,572 shares, an increase of 77.2% from the May 14th total of 332,163 shares. Approximately 15.8% of the company’s stock are sold short. Based on an average trading volume of 20,402,919 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Amesite from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Amesite Price Performance

Amesite stock opened at $1.27 on Tuesday. Amesite has a 1-year low of $0.77 and a 1-year high of $4.78. The stock has a market cap of $7.43 million, a PE ratio of -2.02 and a beta of 0.95. The stock’s fifty day moving average is $1.41 and its two-hundred day moving average is $1.80.

Amesite (NASDAQ:AMST) last posted its quarterly earnings results on Monday, May 18th. The company reported ($0.15) earnings per share for the quarter, beating 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 company had revenue of $0.08 million for the quarter, compared to analysts’ expectations of $0.25 million.

Insider Activity

In related news, Director George Parmer acquired 243,902 shares of Amesite stock in a transaction dated Tuesday, April 28th. The shares were acquired at an average cost of $1.44 per share, for a total transaction of $351,218.88. Following the completion of the purchase, the director owned 566,962 shares in the company, valued at approximately $816,425.28. The trade was a 75.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 36.50% of the company’s stock.

Institutional Trading of Amesite

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

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.