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

Amesite Inc. (NASDAQ:AMST) was the recipient of a large decline in short interest in the month of August. As of August 15th, there was short interest totaling 56,100 shares, a decline of 22.0% from the July 31st total of 71,900 shares. Approximately 1.6% of the company’s shares are sold short. Based on an average daily trading volume, of 62,100 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily trading volume, of 62,100 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.6% of the company’s shares are sold short.

Institutional Trading of Amesite

A hedge fund recently raised its stake in Amesite stock. Kovitz Investment Group Partners LLC raised its position in Amesite Inc. (NASDAQ:AMST) by 275.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 136,334 shares of the company’s stock after purchasing an additional 100,000 shares during the quarter. Kovitz Investment Group Partners LLC owned 4.88% of Amesite worth $330,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 3.60% of the company’s stock.

Amesite Stock Performance

AMST stock opened at $2.66 on Wednesday. The firm has a market cap of $12.16 million, a PE ratio of -1.96 and a beta of 1.07. The firm’s 50 day moving average price is $2.94 and its 200-day moving average price is $2.65. Amesite has a one year low of $2.00 and a one year high of $6.27.

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.