Short Interest in Amesite Inc. (NASDAQ:AMST) Drops By 71.8%

Amesite Inc. (NASDAQ:AMST) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 167,500 shares, a drop of 71.8% from the February 28th total of 594,400 shares. Based on an average trading volume of 772,500 shares, the days-to-cover ratio is currently 0.2 days. Approximately 5.3% of the shares of the stock are short sold.

Amesite Trading Up 8.8 %

Shares of AMST opened at $2.59 on Friday. The stock’s 50-day moving average price is $2.86 and its two-hundred day moving average price is $2.96. Amesite has a 12 month low of $1.85 and a 12 month high of $6.27. The company has a market capitalization of $7.23 million, a PE ratio of -1.47 and a beta of 1.01.

Amesite (NASDAQ:AMST) last announced its earnings results on Friday, February 7th. The company reported ($0.40) earnings per share for the quarter. Amesite had a negative return on equity of 189.67% and a negative net margin of 5,391.86%.

Institutional Inflows and Outflows

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