Amesite Inc. (NASDAQ:AMST) Sees Significant Increase in Short Interest

Amesite Inc. (NASDAQ:AMST) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 588,572 shares, a growth of 77.2% from the May 14th total of 332,163 shares. Approximately 15.8% of the company’s shares are sold short. Based on an average daily trading volume, of 20,402,919 shares, the short-interest ratio is presently 0.0 days.

Amesite Trading Up 1.0%

NASDAQ AMST traded up $0.01 during trading on Monday, hitting $1.27. The company had a trading volume of 60,691 shares, compared to its average volume of 1,846,587. Amesite has a one year low of $0.77 and a one year high of $4.78. The company has a market cap of $7.45 million, a price-to-earnings ratio of -2.02 and a beta of 0.95. The company’s fifty day moving average is $1.42 and its 200-day moving average is $1.81.

Amesite (NASDAQ:AMST) last issued its quarterly earnings data on Monday, May 18th. The company reported ($0.15) 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 during the quarter, compared to analyst estimates of $0.25 million.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, Director George Parmer purchased 243,902 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $816,425.28. This represents a 75.50% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 36.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Amesite stock. HRT Financial LP acquired a new position in Amesite Inc. (NASDAQ:AMST) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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 quarter. Institutional investors and hedge funds own 3.60% of the company’s stock.

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.