AMMO, Inc. (NASDAQ:POWWP – Get Free Report) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 936 shares, a decline of 42.4% from the April 15th total of 1,624 shares. Based on an average trading volume of 6,689 shares, the short-interest ratio is presently 0.1 days.
AMMO Stock Performance
Shares of NASDAQ POWWP traded down $0.06 during midday trading on Friday, hitting $24.85. The stock had a trading volume of 4,945 shares, compared to its average volume of 4,375. AMMO has a 1-year low of $21.50 and a 1-year high of $25.50. The company has a fifty day moving average price of $24.65 and a 200 day moving average price of $24.33.
About AMMO
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.
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