The trading price of AMCI Acquisition Corp. (NASDAQ:AMCI) closed higher on Tuesday, Jan 12, closing at $15.54, 9.72% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $15.65 and $17.11. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 0. In examining the 52-week price action we see that the stock hit a 52-week high of $17.17 and a 52-week low of $9.85. Over the past month, the stock has gained 22.05% in value.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of AMCI Acquisition Corp. no upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest AMCI has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
An evaluation of the daily trading volume of AMCI Acquisition Corp. (NASDAQ:AMCI) indicates that the 3-month average is 1.06 Million. However, this figure has increased over the past 10 days to an average of 1.35 Million.
Currently, records show that 9.06 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 0% of outstanding shares, whereas institutions hold 75.16%. The stats also highlight that short interest as of December 14, 2020, stood at 276.13 Million shares, resulting in a short ratio of 0.15 at that time. From this, we can conclude that short interest is 1.89% of the company’s total outstanding shares. It is noteworthy that short shares in December were up slightly from the previous month’s figure, which was 21.07 Million. However, since the stock’s price has seen +14.2% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
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