Short Interest in Ameri Holdings Inc (AMRH) Decreases By 62.4%

Ameri Holdings Inc (NASDAQ:AMRH) was the target of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 334,557 shares, a decline of 62.4% from the October 31st total of 889,017 shares. Based on an average daily trading volume, of 2,366,410 shares, the days-to-cover ratio is currently 0.1 days. Currently, 3.7% of the shares of the stock are short sold.

In other news, major shareholder Sikaria Family 2008 Revocable sold 100,000 shares of Ameri stock in a transaction on Friday, November 16th. The stock was sold at an average price of $0.30, for a total transaction of $30,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 28.30% of the company’s stock.

Separately, Zacks Investment Research cut Ameri from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th.

Ameri stock opened at $0.25 on Tuesday. The stock has a market cap of $9.51 million, a P/E ratio of -0.33 and a beta of 1.02. Ameri has a 52 week low of $0.23 and a 52 week high of $13.50. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.82 and a quick ratio of 0.82.

Ameri (NASDAQ:AMRH) last posted its quarterly earnings data on Thursday, November 15th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). The company had revenue of $10.58 million for the quarter, compared to analysts’ expectations of $12.01 million. Ameri had a negative return on equity of 17.86% and a net margin of 4.22%. As a group, sell-side analysts forecast that Ameri will post -0.03 earnings per share for the current year.

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About Ameri

AMERI Holdings, Inc, through its subsidiaries, provides SAP cloud and digital enterprise services worldwide. The company offers cloud services, including public, private, and hybrid SAP cloud services, as well as SAP HANA cloud migration and cloud automation solutions. It also provides digital services, such as Simple Advance Planning and Optimization mobile solution, a mobile application that offers sales professionals with real-time collaboration capabilities and customer data on their mobile devices; SAP IBP mobile app, which enables the real-time management and analysis of sales and operations planning related data from mobile devices; and robotic process automation that leverages the capability of artificially intelligent software agents for business process automation, as well as for reporting and analysis, and deliver insights into business functions by translating large data into structured reports.

See Also: Liquidity

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