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

Amesite Inc. (NASDAQ:AMST) saw a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 55,399 shares, a decrease of 33.9% from the June 30th total of 83,801 shares. Based on an average daily volume of 69,934 shares, the days-to-cover ratio is currently 0.8 days. Approximately 1.3% of the shares of the company are sold short.

Institutional Investors Weigh In On Amesite

A hedge fund recently bought a new stake in Amesite stock. Virtu Financial LLC purchased a new stake in Amesite Inc. (NASDAQ:AMST) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 14,708 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned 0.32% of Amesite at the end of the most recent quarter. 3.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered 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 data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Amesite Stock Performance

Shares of Amesite stock opened at $0.98 on Friday. The firm has a 50-day moving average of $1.24 and a 200-day moving average of $1.53. Amesite has a 52-week low of $0.77 and a 52-week high of $4.78. The stock has a market cap of $6.39 million, a PE ratio of -1.55 and a beta of 0.94.

Amesite (NASDAQ:AMST) last released its quarterly earnings results on Monday, May 18th. The company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.96) by $0.81. The business had revenue of $0.08 million for 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%.

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.