Short Interest in AMCI Acquisition Corp. (NASDAQ:AMCI) Increases By 165.7%

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

Institutional Investors Weigh In On AMCI Acquisition

A hedge fund recently bought a new stake in AMCI Acquisition stock. Themes Management Co LLC purchased a new position in shares of AMCI Acquisition Corp. (NASDAQ:AMCI) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 39,035 shares of the company’s stock, valued at approximately $213,000. Themes Management Co LLC owned 0.17% of AMCI Acquisition at the end of the most recent quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

Analyst Upgrades and Downgrades

AMCI has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AMCI Acquisition in a report on Tuesday, July 21st. Wall Street Zen raised shares of 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 presently has an average rating of “Sell”.

AMCI Acquisition Stock Performance

Shares of NASDAQ AMCI traded up $0.04 during trading hours on Tuesday, hitting $3.21. 1,577 shares of the company traded hands, compared to its average volume of 125,299. The company’s 50 day moving average price is $4.64 and its 200 day moving average price is $5.41. AMCI Acquisition has a 12 month low of $2.50 and a 12 month high of $42.00.

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

About AMCI Acquisition

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.