AMCI Acquisition Corp. (NASDAQ:AMCI) Short Interest Update

AMCI Acquisition Corp. (NASDAQ:AMCI) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 51,068 shares, a decrease of 39.5% from the May 31st total of 84,443 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 66,699 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Trading of AMCI Acquisition

Large investors have recently added to or reduced their stakes in the company. DLD Asset Management LP purchased a new stake in AMCI Acquisition during the fourth quarter valued at approximately $84,000. Themes Management Co LLC purchased a new position in shares of AMCI Acquisition in the 1st quarter worth approximately $213,000. Finally, Harraden Circle Investments LLC purchased a new position in shares of AMCI Acquisition in the 4th quarter worth approximately $1,115,000. Institutional investors own 46.08% of the company’s stock.

AMCI Acquisition Trading Up 26.9%

Shares of NASDAQ:AMCI traded up $1.34 during midday trading on Wednesday, reaching $6.32. 246,588 shares of the company were exchanged, compared to its average volume of 103,292. The stock has a market cap of $142.81 million, a PE ratio of 625.00 and a beta of 0.25. The business’s fifty day moving average is $5.23 and its two-hundred day moving average is $6.31. AMCI Acquisition has a one year low of $2.50 and a one year high of $42.00.

AMCI Acquisition (NASDAQ:AMCI) last announced its quarterly earnings results on Monday, April 20th. The company reported ($1.64) earnings per share (EPS) for the quarter. The business had revenue of $1.29 million for the quarter.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AMCI. Wall Street Zen upgraded shares of AMCI Acquisition from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings cut AMCI Acquisition from a “sell (d)” rating to a “sell (e+)” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

AMCI Acquisition Company Profile

AMCI Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses operating in the natural resource infrastructure, value chain, and logistics-related sectors. The company was founded in 2018 and is based in Latrobe, Pennsylvania.