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

Amesite Inc. (NASDAQ:AMST) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 588,572 shares, a growth of 77.2% from the May 14th total of 332,163 shares. Based on an average daily volume of 20,402,919 shares, the days-to-cover ratio is currently 0.0 days. Currently, 15.8% of the company’s shares are sold short.

Insider Buying and Selling

In related news, Director George Parmer acquired 243,902 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was acquired at an average cost of $1.44 per share, for a total transaction of $351,218.88. Following the acquisition, the director owned 566,962 shares of the company’s stock, valued at $816,425.28. This trade represents a 75.50% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at 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. HRT Financial LP acquired a new stake in shares of Amesite Inc. (NASDAQ:AMST) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 22,040 shares of the company’s stock, valued at approximately $41,000. HRT Financial LP owned approximately 0.48% of Amesite as of its most recent filing with the Securities and Exchange Commission. 3.60% of the stock is owned by institutional investors.

Amesite Stock Performance

Shares of Amesite stock traded up $0.01 during trading on Monday, hitting $1.27. The company’s stock had a trading volume of 60,691 shares, compared to its average volume of 1,846,587. The company has a market capitalization of $7.45 million, a PE ratio of -2.02 and a beta of 0.95. Amesite has a 52 week low of $0.77 and a 52 week high of $4.78. The company has a fifty day simple moving average of $1.42 and a two-hundred day simple moving average of $1.81.

Amesite (NASDAQ:AMST) last released its quarterly earnings data 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 business had revenue of $0.08 million during the quarter, compared to analyst estimates of $0.25 million. Amesite had a negative net margin of 873.02% and a negative return on equity of 154.31%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Amesite from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock 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.