Short Interest in Amesite Inc. (NASDAQ:AMST) Drops 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. Approximately 5.2% of the company’s shares are short sold. Based on an average daily trading volume, of 188,439 shares, the short-interest ratio is presently 1.0 days.

Wall Street Analyst Weigh In

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

Amesite Stock Performance

Shares of AMST traded up $0.04 during mid-day trading on Monday, reaching $1.14. 28,848 shares of the company’s stock traded hands, compared to its average volume of 1,716,242. The business’s 50-day moving average price is $1.31 and its 200-day moving average price is $1.72. The stock has a market capitalization of $6.64 million, a P/E ratio of -1.80 and a beta of 0.95. Amesite has a 12 month low of $0.77 and a 12 month high of $4.78.

Amesite (NASDAQ:AMST) last announced 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. The company had revenue of $0.08 million during the quarter, compared to analyst estimates of $0.25 million. Amesite had a negative return on equity of 154.31% and a negative net margin of 873.02%.

Insiders Place Their Bets

In other news, Director George Parmer acquired 243,902 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The shares were bought at an average price of $1.44 per share, with a total value of $351,218.88. Following the completion of the purchase, the director directly owned 566,962 shares in the company, valued at $816,425.28. This trade represents a 75.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 36.50% of the stock is owned by insiders.

Institutional Trading of Amesite

An institutional investor recently bought a new position in Amesite stock. Virtu Financial LLC acquired a new stake in Amesite Inc. (NASDAQ:AMST) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 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 currently owned by hedge funds and other institutional investors.

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.