Amesite Inc. (NASDAQ:AMST) Short Interest Down 56.8% in June

Amesite Inc. (NASDAQ:AMST) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 83,801 shares, a drop of 56.8% from the June 15th total of 193,866 shares. Currently, 2.3% of the shares of the company are sold short. Based on an average daily volume of 123,210 shares, the days-to-cover ratio is presently 0.7 days.

Amesite Stock Performance

NASDAQ:AMST opened at $1.04 on Thursday. Amesite has a 52 week low of $0.77 and a 52 week high of $4.78. The company has a market capitalization of $6.09 million, a price-to-earnings ratio of -1.65 and a beta of 0.94. The company has a 50-day moving average of $1.27 and a 200-day moving average of $1.61.

Amesite (NASDAQ:AMST) last posted its earnings results on Monday, May 18th. The company reported ($0.15) EPS for the quarter, topping the consensus estimate 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 business had revenue of $0.08 million during the quarter, compared to the consensus estimate of $0.25 million.

Insider Activity at Amesite

In other Amesite news, Director George Parmer acquired 243,902 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was acquired at an average price of $1.44 per share, with a total value of $351,218.88. Following the transaction, the director owned 566,962 shares of the company’s stock, valued at approximately $816,425.28. This trade represents a 75.50% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 36.50% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Amesite stock. Virtu Financial LLC acquired a new stake in Amesite Inc. (NASDAQ:AMST) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 14,708 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned about 0.32% of Amesite as of its most recent filing with the SEC. Institutional investors and hedge funds own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of 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 a consensus rating of “Sell”.

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.