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

Amesite Inc. (NASDAQ:AMST) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 83,801 shares, a decrease of 56.8% from the June 15th total of 193,866 shares. Currently, 2.3% of the shares of the stock are short sold. Based on an average trading volume of 123,210 shares, the short-interest ratio is currently 0.7 days.

Insider Activity at Amesite

In other Amesite news, Director George Parmer bought 243,902 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was purchased at an average cost of $1.44 per share, with a total value of $351,218.88. Following the completion of the acquisition, the director owned 566,962 shares in the company, valued at $816,425.28. This trade represents a 75.50% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 36.50% of the company’s stock.

Hedge Funds Weigh In On Amesite

An institutional investor recently bought a new position in Amesite stock. Virtu Financial LLC acquired a new stake in shares of Amesite Inc. (NASDAQ:AMST) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,708 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned 0.32% of Amesite as of its most recent SEC filing. 3.60% of the stock is currently owned by institutional investors.

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 report on Tuesday, May 26th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Amesite Stock Down 5.3%

Shares of Amesite stock opened at $1.08 on Tuesday. The stock’s fifty day moving average is $1.27 and its two-hundred day moving average is $1.63. Amesite has a 52 week low of $0.77 and a 52 week high of $4.78. The company has a market capitalization of $6.32 million, a PE ratio of -1.71 and a beta of 0.94.

Amesite (NASDAQ:AMST) last released its quarterly earnings data on Monday, May 18th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.96) by $0.81. Amesite had a negative net margin of 873.02% and a negative return on equity of 154.31%. The company had revenue of $0.08 million during the quarter, compared to analysts’ expectations of $0.25 million.

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.