Amesite Inc. (NASDAQ:AMST) Short Interest Update

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. Approximately 2.3% of the shares of the company are short sold. Based on an average trading volume of 123,210 shares, the short-interest ratio is presently 0.7 days.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Amesite from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 26th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Amesite Trading Down 0.1%

NASDAQ AMST opened at $1.04 on Wednesday. The company has a 50-day moving average price of $1.27 and a two-hundred day moving average price of $1.62. Amesite has a 52 week low of $0.77 and a 52 week high of $4.78. The stock has a market cap of $6.08 million, a price-to-earnings ratio of -1.63 and a beta of 0.94.

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, beating analysts’ consensus estimates of ($0.96) by $0.81. Amesite had a negative return on equity of 154.31% and a negative net margin of 873.02%.The firm had revenue of $0.08 million during the quarter, compared to analyst estimates of $0.25 million.

Insider Transactions at Amesite

In other Amesite news, Director George Parmer acquired 243,902 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was acquired at an average price of $1.44 per share, with a total value of $351,218.88. Following the transaction, the director directly owned 566,962 shares in the company, valued at approximately $816,425.28. This represents a 75.50% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 36.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Amesite

An institutional investor recently bought a new position in Amesite stock. HRT Financial LP bought a new stake in Amesite Inc. (NASDAQ:AMST) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 22,040 shares of the company’s stock, valued at approximately $41,000. HRT Financial LP owned approximately 0.48% of Amesite at the end of the most recent reporting period. Institutional investors own 3.60% of the company’s stock.

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.