Amesite Inc. (NASDAQ:AMST) Short Interest Down 16.8% in October

Amesite Inc. (NASDAQ:AMST) saw a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 24,700 shares, a drop of 16.8% from the October 15th total of 29,700 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 11,100 shares, the days-to-cover ratio is presently 2.2 days.

Hedge Funds Weigh In On Amesite

An institutional investor recently raised its position in Amesite stock. Vanguard Group Inc. lifted its holdings in Amesite Inc. (NASDAQ:AMST) by 10.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 446,109 shares of the company’s stock after purchasing an additional 42,300 shares during the quarter. Vanguard Group Inc. owned 2.03% of Amesite worth $254,000 as of its most recent filing with the SEC. 3.54% of the stock is owned by institutional investors and hedge funds.

Amesite Price Performance

NASDAQ AMST traded up $0.01 on Wednesday, hitting $2.13. The stock had a trading volume of 814 shares, compared to its average volume of 221,842. The company’s 50-day moving average is $2.44 and its two-hundred day moving average is $3.30. Amesite has a one year low of $1.56 and a one year high of $9.35.

Amesite Company Profile

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.