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

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

Amesite Stock Performance

AMST stock opened at $2.59 on Friday. The stock has a fifty day moving average of $2.86 and a 200-day moving average of $2.96. Amesite has a fifty-two week low of $1.85 and a fifty-two week high of $6.27. The company has a market capitalization of $7.23 million, a price-to-earnings ratio of -1.47 and a beta of 1.01.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Amesite stock. Renaissance Technologies LLC bought a new position in Amesite Inc. (NASDAQ:AMST) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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). 3.60% of the stock is currently owned by institutional investors and hedge funds.

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.