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

Amesite Inc. (NASDAQ:AMST) was the recipient of a significant drop in short interest during the month of 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 daily volume of 772,500 shares, the days-to-cover ratio is currently 0.2 days. Approximately 5.3% of the shares of the company are short sold.

Hedge Funds Weigh In On Amesite

A hedge fund recently bought a new stake in Amesite stock. Renaissance Technologies LLC acquired a new stake in shares of Amesite Inc. (NASDAQ:AMST) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,200 shares of the company’s stock, valued at approximately $58,000. Renaissance Technologies LLC owned 0.44% of Amesite at the end of the most recent reporting period. Institutional investors and hedge funds own 3.60% of the company’s stock.

Amesite Price Performance

AMST stock opened at $2.38 on Thursday. The firm has a market cap of $6.64 million, a price-to-earnings ratio of -1.35 and a beta of 1.01. Amesite has a 1-year low of $1.85 and a 1-year high of $6.27. The firm has a fifty day moving average price of $2.87 and a two-hundred day moving average price of $2.97.

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 net margin of 5,391.86% and a negative return on equity of 189.67%.

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.