Amesite Inc. (NASDAQ:AMST) Sees Large Drop in Short Interest

Amesite Inc. (NASDAQ:AMST) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 7,028 shares, a decline of 88.2% from the July 30th total of 59,677 shares. Based on an average daily volume of 79,307 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the company’s shares are short sold.

Hedge Funds Weigh In On Amesite

A hedge fund recently bought a new position in Amesite stock. HRT Financial LP purchased a new stake in Amesite Inc. (NASDAQ:AMST) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 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 SEC filing. 3.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Amesite in a research note on Friday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Amesite Stock Performance

NASDAQ AMST opened at $1.12 on Wednesday. Amesite has a fifty-two week low of $0.77 and a fifty-two week high of $4.78. The stock has a 50 day simple moving average of $1.07 and a two-hundred day simple moving average of $1.41. The stock has a market cap of $7.34 million, a P/E ratio of -1.78 and a beta of 0.98.

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.