Amesite Inc. (NASDAQ:AMST) Sees Large Decrease in Short Interest

Amesite Inc. (NASDAQ:AMST) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totalling 30,300 shares, a decrease of 26.1% from the March 15th total of 41,000 shares. Approximately 1.7% of the company’s stock are short sold. Based on an average trading volume of 31,100 shares, the days-to-cover ratio is presently 1.0 days.

Hedge Funds Weigh In On Amesite

A hedge fund recently raised its stake in Amesite stock. Vanguard Group Inc. boosted its stake in shares of Amesite Inc. (NASDAQ:AMST) by 10.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 446,109 shares of the company’s stock after buying an additional 42,300 shares during the quarter. Vanguard Group Inc. owned approximately 2.03% of Amesite worth $254,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 3.60% of the company’s stock.

Amesite Stock Performance

Shares of NASDAQ AMST traded up $0.07 during trading on Friday, hitting $2.10. The stock had a trading volume of 6,767 shares, compared to its average volume of 15,012. Amesite has a 12 month low of $1.72 and a 12 month high of $5.77. The firm has a fifty day moving average of $2.23 and a two-hundred day moving average of $2.28.

Amesite (NASDAQ:AMST) last posted its earnings results on Wednesday, February 14th. The company reported ($0.36) earnings per share (EPS) for the quarter. Amesite had a negative return on equity of 64.84% and a negative net margin of 850.46%. The firm had revenue of $0.04 million during the quarter.

About Amesite

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.