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

AMCI Acquisition Corp. (NASDAQ:AMCI) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 11,350 shares, a decrease of 74.1% from the July 15th total of 43,892 shares. Based on an average daily volume of 167,182 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on AMCI shares. Weiss Ratings restated a “sell (e+)” rating on shares of AMCI Acquisition in a research report on Tuesday, July 21st. Wall Street Zen upgraded AMCI Acquisition from a “strong sell” rating to a “hold” rating in a report on Saturday, May 23rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Hedge Funds Weigh In On AMCI Acquisition

Hedge funds have recently added to or reduced their stakes in the stock. Harraden Circle Investments LLC bought a new stake in shares of AMCI Acquisition during the fourth quarter valued at approximately $1,115,000. DLD Asset Management LP purchased a new stake in shares of AMCI Acquisition in the fourth quarter valued at approximately $84,000. Finally, Themes Management Co LLC bought a new position in AMCI Acquisition in the first quarter worth approximately $213,000. 46.08% of the stock is currently owned by institutional investors.

AMCI Acquisition Trading Down 1.0%

Shares of AMCI traded down $0.05 during trading hours on Friday, reaching $4.76. 153,692 shares of the company traded hands, compared to its average volume of 147,691. The firm has a market cap of $107.58 million, a price-to-earnings ratio of 476.00 and a beta of 0.27. AMCI Acquisition has a 12-month low of $2.50 and a 12-month high of $42.00. The stock’s fifty day moving average price is $4.78 and its 200 day moving average price is $5.69.

AMCI Acquisition (NASDAQ:AMCI) last posted its quarterly earnings results on Monday, April 20th. The company reported ($1.64) EPS for the quarter. The firm had revenue of $1.29 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.