AMERI Holdings Inc (NASDAQ: AMRH) is having an overwhelmingly strong start to the trading session this morning, and for good reason. The company announced a partnership. This, combined with what may turn into a short squeeze is sending the stock screaming for the top. Today, we’ll talk about:
- Why the stock is running;
- what we’re seeing from AMRH stock as a result; and
- what we’ll be watching for ahead.
AMRH Announces Partnership
As mentioned above, AMERI Holdings is having an incredibly strong start to the trading session this morning after announcing a partnership. In a press release issued early this morning, the company said that it entered into a partnership with The Glimpse Group. According to the release, the partnership surrounds an innovative corporate learning program that enhances the value proposition of the company’s solutions offering portfolio. Specifically, AMRH said that the enhancement comes from the Glimpse Virtual and Augmented Reality platform.
Ultimately, this platform expands the company’s delivery model to include corporate learning on SAP Cloud and Digital solutions through the use of VR and AR technologies. In a statement, Brent Kelton CEO at AMRH, had the following to offer:
Our partnership with Glimpse is aligned with our strategy to utilize new and advanced technologies to drive demand for our higher margin SAP solutions offerings… As enterprises increasingly look to SAP to underpin their digital transformation journeys, integral to the journey is employee learning and development to maximize the business benefits of SAP’s software. Through use of this innovative platform we gain the advantage of ensuring strong end-user uptake of the SAP solutions we implement and, as we help enterprises realize the full benefits of SAP, we enlarge our solution sales opportunities.
It’s also worth mentioning that before the announcement the stock was on a down trend, falling to support and leading to high levels of short interest. So, not only is the good news pushing the stock up, it may be leading to a short squeeze that could push the stock far higher.
What We’re Seeing From The Stock
As investors, one of the most important lessons that we learn is that the news moves the market. In the case of AMERI Holdings, the news proved to be overwhelmingly positive. Not only did the company announces a partnership, the move from the announcement could lead to a short squeeze. So, it comes as no surprise that excited investors are doing what they can to get in on the gains. Currently (9:49), AMRH is trading at $0.66 per share after a gain of $0.25 per share or 61.15% thus far today.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on AMRH. In particular, we’re interested in following the company’s partnership as well as the potential short squeeze that could be on the horizons. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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