Amesite Inc. (NASDAQ:AMST) Short Interest Down 33.9% in July

Amesite Inc. (NASDAQ:AMST) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 55,399 shares, a decline 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 presently 0.8 days. Currently, 1.3% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Amesite from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Amesite Price Performance

AMST stock opened at $0.99 on Friday. Amesite has a fifty-two week low of $0.77 and a fifty-two week high of $4.78. The stock has a market capitalization of $6.48 million, a price-to-earnings ratio of -1.57 and a beta of 0.94. The business has a fifty day moving average price of $1.21 and a 200 day moving average price of $1.53.

Amesite (NASDAQ:AMST) last issued its quarterly earnings results on Monday, May 18th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping 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 business had revenue of $0.08 million for the quarter, compared to the consensus estimate of $0.25 million.

Institutional Investors Weigh In On Amesite

An institutional investor recently bought a new position in Amesite stock. Virtu Financial LLC bought a new stake in shares of Amesite Inc. (NASDAQ:AMST) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 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 SEC. 3.60% of the stock is currently owned by institutional investors.

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.