Amesite Inc. (NASDAQ:AMST) Short Interest Update

Amesite Inc. (NASDAQ:AMST) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 594,400 shares, an increase of 2,240.2% from the February 13th total of 25,400 shares. Currently, 18.9% of the shares of the company are short sold. Based on an average trading volume of 774,200 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Trading of Amesite

An institutional investor recently bought a new position in Amesite stock. Renaissance Technologies LLC acquired a new stake in shares of Amesite Inc. (NASDAQ:AMST) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 12,200 shares of the company’s stock, valued at approximately $58,000. Renaissance Technologies LLC owned 0.44% of Amesite at the end of the most recent quarter. Institutional investors and hedge funds own 3.60% of the company’s stock.

Amesite Stock Up 5.4 %

NASDAQ:AMST traded up $0.12 on Wednesday, hitting $2.39. The stock had a trading volume of 41,546 shares, compared to its average volume of 510,442. The business’s 50-day simple moving average is $3.11 and its two-hundred day simple moving average is $2.96. Amesite has a 52-week low of $1.85 and a 52-week high of $6.27. The stock has a market cap of $6.68 million, a price-to-earnings ratio of -1.37 and a beta of 1.01.

Amesite (NASDAQ:AMST) last announced its earnings results on Friday, February 7th. The company reported ($0.40) EPS for the quarter. Amesite had a negative net margin of 5,391.86% and a negative return on equity of 189.67%.

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.