Amesite Inc. (NASDAQ:AMST) Short Interest Up 184.7% in March

Amesite Inc. (NASDAQ:AMST) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 41,000 shares, an increase of 184.7% from the February 29th total of 14,400 shares. Currently, 2.4% of the shares of the stock are sold short. Based on an average trading volume of 34,300 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Amesite stock. Renaissance Technologies LLC grew its stake in shares of Amesite Inc. (NASDAQ:AMST) by 295.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,900 shares of the company’s stock after buying an additional 35,800 shares during the quarter. Renaissance Technologies LLC owned 0.22% of Amesite worth $27,000 at the end of the most recent quarter. 3.60% of the stock is currently owned by institutional investors.

Amesite Price Performance

AMST opened at $2.12 on Thursday. Amesite has a 52 week low of $1.72 and a 52 week high of $5.77. The business’s fifty day simple moving average is $2.26 and its 200 day simple moving average is $2.31.

Amesite (NASDAQ:AMST) last announced its quarterly earnings data on Wednesday, February 14th. The company reported ($0.36) earnings per share (EPS) for the quarter. Amesite had a negative net margin of 850.46% and a negative return on equity of 64.84%. The company had revenue of $0.04 million for the quarter.

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.