Amesite Inc. (NASDAQ:AMST) Sees Significant Drop in Short Interest

Amesite Inc. (NASDAQ:AMST) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 32,000 shares, a drop of 22.7% from the January 15th total of 41,400 shares. Based on an average daily volume of 87,900 shares, the days-to-cover ratio is currently 0.4 days. Approximately 1.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On Amesite

An institutional investor recently bought a new position in Amesite stock. Renaissance Technologies LLC acquired a new stake in Amesite Inc. (NASDAQ:AMST) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,200 shares of the company’s stock, valued at approximately $58,000. Renaissance Technologies LLC owned about 0.44% of Amesite as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 3.60% of the company’s stock.

Amesite Stock Performance

Shares of Amesite stock opened at $3.30 on Friday. The business’s 50 day moving average price is $3.77 and its 200 day moving average price is $2.97. The company has a market cap of $9.21 million, a price-to-earnings ratio of -1.92 and a beta of 0.94. Amesite has a one year low of $1.85 and a one year high of $6.27.

Amesite (NASDAQ:AMST) last posted its quarterly earnings results on Friday, February 7th. The company reported ($0.40) EPS for the quarter. Amesite had a negative return on equity of 137.00% and a negative net margin of 3,878.07%.

About Amesite

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.