Short Interest in Amesite Inc. (NASDAQ:AMST) Drops By 44.8%

Amesite Inc. (NASDAQ:AMST) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 64,610 shares, a decrease of 44.8% from the February 26th total of 117,030 shares. Based on an average daily volume of 34,344 shares, the short-interest ratio is presently 1.9 days. Currently, 2.2% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Amesite in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Amesite presently has an average rating of “Sell”.

Amesite Price Performance

Amesite stock opened at $1.85 on Friday. The firm has a market capitalization of $8.45 million, a PE ratio of -2.89 and a beta of 1.09. The company’s 50-day moving average is $1.87 and its 200-day moving average is $2.46. Amesite has a fifty-two week low of $1.57 and a fifty-two week high of $4.78.

Amesite (NASDAQ:AMST) last issued its earnings results on Thursday, February 5th. The company reported ($0.16) earnings per share (EPS) for the quarter. Amesite had a negative net margin of 1,024.91% and a negative return on equity of 118.33%. The firm had revenue of $0.11 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Amesite stock. HRT Financial LP purchased 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. The institutional investor purchased 22,040 shares of the company’s stock, valued at approximately $41,000. HRT Financial LP owned 0.48% of Amesite at the end of the most recent quarter. 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.