Amesite Inc. (NASDAQ:AMST) Sees Large Growth in Short Interest

Amesite Inc. (NASDAQ:AMST) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 40,100 shares, an increase of 12.0% from the October 15th total of 35,800 shares. Currently, 2.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 23,100 shares, the days-to-cover ratio is presently 1.7 days.

Amesite Trading Down 2.0 %

Shares of Amesite stock opened at $2.41 on Friday. The company has a 50 day moving average of $2.54 and a 200-day moving average of $2.79. The company has a market cap of $6.72 million, a PE ratio of -1.39 and a beta of 1.37. Amesite has a 1-year low of $1.72 and a 1-year high of $4.34.

Amesite (NASDAQ:AMST) last issued its earnings results on Monday, September 30th. The company reported ($0.46) earnings per share for the quarter. Amesite had a negative net margin of 2,653.01% and a negative return on equity of 111.75%. The business had revenue of $0.03 million during the quarter.

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.