What Next for Aemetis Inc (NASDAQ:AMTX) Stock After Decrease in Shorted Shares?

June 18, 2018 - By Kurt Siggers

Aemetis, Inc. (NASDAQ:AMTX) Logo

The stock of Aemetis Inc (NASDAQ:AMTX) registered a decrease of 25.77% in short interest. AMTX’s total short interest was 258,400 shares in June as published by FINRA. Its down 25.77% from 348,100 shares, reported previously. With 107,500 shares average volume, it will take short sellers 2 days to cover their AMTX’s short positions. The short interest to Aemetis Inc’s float is 1.8%.

The stock decreased 3.38% or $0.05 during the last trading session, reaching $1.43. About 16,497 shares traded. Aemetis, Inc. (NASDAQ:AMTX) has risen 9.33% since June 18, 2017 and is uptrending. It has underperformed by 3.24% the S&P500.

Aemetis, Inc. operates as an international renewable fuels and bio-chemicals firm in North America and India. The company has market cap of $28.92 million. It focuses on the production of advanced fuels and chemicals through the acquisition, development, and commercialization of technologies that replace traditional petroleum products by conversion of first-generation ethanol and biodiesel plants into advanced bio refineries. It currently has negative earnings. The firm owns and operates a biodiesel plant in Kakinada, India; and an ethanol plant in Keyes, California.

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