Short Interest in Amesite Inc. (NASDAQ:AMST) Drops By 16.1%

Amesite Inc. (NASDAQ:AMST) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 61,000 shares, a drop of 16.1% from the April 30th total of 72,700 shares. Based on an average daily volume of 1,760,000 shares, the short-interest ratio is currently 0.0 days. Currently, 1.7% of the company’s shares are short sold.

Amesite Trading Up 3.6%

Shares of NASDAQ AMST opened at $2.84 on Tuesday. The stock has a market capitalization of $12.99 million, a PE ratio of -1.61 and a beta of 0.96. The stock has a fifty day simple moving average of $2.41 and a 200-day simple moving average of $2.92. Amesite has a twelve month low of $2.00 and a twelve month high of $6.27.

Amesite (NASDAQ:AMST) last posted its quarterly earnings results on Thursday, May 15th. The company reported ($0.16) EPS for the quarter. Amesite had a negative return on equity of 189.67% and a negative net margin of 5,391.86%.

Institutional Trading of Amesite

Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its position in shares of Amesite by 37.4% during the fourth quarter. Geode Capital Management LLC now owns 19,756 shares of the company’s stock worth $94,000 after acquiring an additional 5,382 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Amesite in the 4th quarter valued at about $58,000. Finally, Kovitz Investment Group Partners LLC raised its stake in Amesite by 275.2% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 136,334 shares of the company’s stock valued at $330,000 after acquiring an additional 100,000 shares during the last quarter. Hedge funds and other institutional investors own 3.60% of the company’s stock.

Amesite Company Profile

Amesite Inc, an artificial intelligence driven platform and course designer, that provides online products in the United States. The company uses machine learning to offer a mass customized experience to learners. It serves businesses, universities and colleges, K-12 schools, museums, and non-profit organizations.