AMCI Acquisition Corp. (NASDAQ:AMCI) Short Interest Update

AMCI Acquisition Corp. (NASDAQ:AMCI) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 44,014 shares, a growth of 165.7% from the August 15th total of 16,567 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 179,997 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On AMCI Acquisition

Large investors have recently bought and sold shares of the business. Themes Management Co LLC purchased a new stake in AMCI Acquisition during the first quarter valued at $213,000. DLD Asset Management LP bought a new position in shares of AMCI Acquisition in the 4th quarter valued at about $84,000. Finally, Harraden Circle Investments LLC purchased a new position in AMCI Acquisition in the fourth quarter worth about $1,115,000. Institutional investors own 46.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AMCI. Weiss Ratings reiterated a “sell (e+)” rating on shares of AMCI Acquisition in a research note on Tuesday, July 21st. Wall Street Zen raised AMCI Acquisition from a “strong sell” rating to a “hold” rating in a report on Saturday, May 23rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

AMCI Acquisition Price Performance

NASDAQ:AMCI traded down $0.01 on Monday, reaching $3.27. 3,131 shares of the company’s stock traded hands, compared to its average volume of 125,914. The stock has a 50-day simple moving average of $4.70 and a 200-day simple moving average of $5.43. AMCI Acquisition has a 12 month low of $2.50 and a 12 month high of $42.00.

AMCI Acquisition (NASDAQ:AMCI) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $0.94 million for the quarter.

AMCI Acquisition Company Profile

AMCI Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses operating in the natural resource infrastructure, value chain, and logistics-related sectors. The company was founded in 2018 and is based in Latrobe, Pennsylvania.