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

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Amesite stock. Virtu Financial LLC acquired a new stake in shares of Amesite Inc. (NASDAQ:AMST) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,708 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned approximately 0.32% of Amesite as of its most recent SEC filing. Institutional investors and hedge funds own 3.60% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Amesite in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Amesite Trading Up 0.5%

Shares of NASDAQ AMST opened at $1.85 on Friday. The firm has a market capitalization of $8.45 million, a P/E ratio of -2.89 and a beta of 1.09. The firm’s 50-day moving average price is $1.87 and its 200-day moving average price is $2.45. Amesite has a 1-year low of $1.57 and a 1-year high of $4.78.

Amesite (NASDAQ:AMST) last issued its earnings results on Thursday, February 5th. The company reported ($0.16) 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.

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.