Short Interest in AMMO, Inc. (NASDAQ:POWWP) Declines By 53.2%

AMMO, Inc. (NASDAQ:POWWPGet Free Report) saw a significant drop in short interest in December. As of December 15th, there was short interest totaling 2,154 shares, a drop of 53.2% from the November 30th total of 4,602 shares. Based on an average daily volume of 2,359 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 2,359 shares, the days-to-cover ratio is currently 0.9 days.

AMMO Price Performance

Shares of NASDAQ:POWWP traded up $0.01 during midday trading on Friday, reaching $24.03. The company had a trading volume of 421 shares, compared to its average volume of 3,681. AMMO has a 52-week low of $18.46 and a 52-week high of $24.75. The company’s 50 day moving average price is $24.16 and its 200 day moving average price is $23.72.

AMMO (NASDAQ:POWWPGet Free Report) last announced its quarterly earnings results on Monday, February 14th. The company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $16.62 million for the quarter.

AMMO Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a dividend of $0.5469 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $2.19 dividend on an annualized basis and a dividend yield of 9.1%.

AMMO Company Profile

(Get Free Report)

AMMO, Inc is a holding company organized in 2019 as a spin-off from Vista Outdoor and trades on the NASDAQ under the ticker POWWP. Through its subsidiaries, the company specializes in the design, manufacturing and marketing of ammunition and propellant powders for commercial, law enforcement and military customers. AMMO, Inc’s primary operating unit, Black Hills Ammunition, offers a range of premium cartridges in common and specialty calibers, while Bridgeport Powder manufactures a portfolio of smokeless propellants.

The company’s products cater to sport shooters, hunters, competitive marksmen and professional users.

Further Reading

Receive News & Ratings for AMMO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMMO and related companies with MarketBeat.com's FREE daily email newsletter.