Amesite Inc. (NASDAQ:AMST) Short Interest Update

Amesite Inc. (NASDAQ:AMST) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 193,866 shares, a decrease of 67.1% from the May 31st total of 588,572 shares. Approximately 5.2% of the company’s stock are short sold. Based on an average trading volume of 188,439 shares, the short-interest ratio is currently 1.0 days.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, Director George Parmer acquired 243,902 shares of Amesite stock in a transaction on Tuesday, April 28th. The stock was purchased 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 owned 566,962 shares of the company’s stock, valued at approximately $816,425.28. The trade was a 75.50% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company 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 shares of Amesite Inc. (NASDAQ:AMST) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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. Institutional investors own 3.60% of the company’s stock.

Amesite Stock Up 2.3%

AMST stock traded up $0.03 during mid-day trading on Friday, reaching $1.10. 55,936 shares of the company traded hands, compared to its average volume of 167,970. The firm’s 50 day moving average price is $1.31 and its 200 day moving average price is $1.73. The stock has a market cap of $6.46 million, a price-to-earnings ratio of -1.75 and a beta of 0.95. Amesite has a fifty-two week low of $0.77 and a fifty-two week high of $4.78.

Amesite (NASDAQ:AMST) last posted its 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. The company had revenue of $0.08 million for 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%.

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.