Amesite Inc. (NASDAQ:AMST) Sees Significant Growth in Short Interest

Amesite Inc. (NASDAQ:AMST) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 327,955 shares, a growth of 232.5% from the April 15th total of 98,640 shares. Approximately 11.2% of the company’s stock are short sold. Based on an average daily volume of 1,365,978 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Amesite

A hedge fund recently bought a new stake in Amesite stock. Virtu Financial LLC acquired a new position in shares of Amesite Inc. (NASDAQ:AMST) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 Securities and Exchange Commission. Hedge funds and other institutional investors own 3.60% of the company’s stock.

Amesite Stock Performance

Shares of NASDAQ AMST traded up $0.02 during trading on Friday, hitting $0.85. 15,420 shares of the company traded hands, compared to its average volume of 206,577. Amesite has a fifty-two week low of $0.77 and a fifty-two week high of $4.78. The business’s fifty day moving average is $1.55 and its 200 day moving average is $2.02. The firm has a market capitalization of $3.89 million, a price-to-earnings ratio of -1.33 and a beta of 0.86.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Amesite from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

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.