Amesite Inc. (NASDAQ:AMST) Short Interest Up 78.5% in March

Amesite Inc. (NASDAQ:AMST) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 61,400 shares, a growth of 78.5% from the March 15th total of 34,400 shares. Based on an average trading volume of 119,900 shares, the days-to-cover ratio is presently 0.5 days.

Shares of NASDAQ AMST opened at $2.74 on Friday. The firm’s 50-day moving average is $4.94 and its two-hundred day moving average is $4.90. Amesite has a 12-month low of $3.06 and a 12-month high of $9.06.

In other Amesite news, major shareholder Mark N. Tompkins sold 12,050 shares of the company’s stock in a transaction dated Wednesday, April 14th. The shares were sold at an average price of $3.25, for a total value of $39,162.50. Following the sale, the insider now owns 2,666,339 shares of the company’s stock, valued at $8,665,601.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Mark N. Tompkins sold 45,834 shares of the company’s stock in a transaction dated Tuesday, March 30th. The shares were sold at an average price of $4.26, for a total transaction of $195,252.84. Following the completion of the sale, the insider now directly owns 2,854,833 shares in the company, valued at approximately $12,161,588.58. The disclosure for this sale can be found here. Insiders have sold a total of 172,775 shares of company stock worth $697,977 over the last quarter.

A hedge fund recently bought a new stake in Amesite stock. SVA Wealth Management LLC acquired a new stake in Amesite Inc. (NASDAQ:AMST) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,000 shares of the company’s stock, valued at approximately $82,000. SVA Wealth Management LLC owned about 0.10% of Amesite at the end of the most recent reporting period. Institutional investors and hedge funds own 0.58% of the company’s stock.

Separately, Benchmark assumed coverage on shares of Amesite in a report on Monday, December 28th. They issued a “buy” rating and a $7.00 price target on the stock.

About Amesite

Amesite Inc, an artificial intelligence driven platform and course designer, provides online products and services in the United States. It serves businesses, universities and colleges, and K-12 schools. The company is headquartered in Detroit, Michigan.

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