AmpliTech Group, Inc. (NASDAQ:AMPG) Sees Significant Drop in Short Interest

AmpliTech Group, Inc. (NASDAQ:AMPG) was the target of a large decline in short interest in June. As of June 30th, there was short interest totalling 33,000 shares, a decline of 12.7% from the June 15th total of 37,800 shares. Based on an average trading volume of 46,200 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.5% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AmpliTech Group stock. AMH Equity Ltd grew its position in AmpliTech Group, Inc. (NASDAQ:AMPG) by 12.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 117,250 shares of the company’s stock after buying an additional 12,841 shares during the period. AMH Equity Ltd owned 1.21% of AmpliTech Group worth $217,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 10.99% of the company’s stock.

AmpliTech Group Price Performance

Shares of AMPG opened at $1.09 on Wednesday. The company has a market capitalization of $10.59 million, a P/E ratio of -1.63 and a beta of 0.57. AmpliTech Group has a one year low of $1.00 and a one year high of $2.55. The business’s 50 day simple moving average is $1.30 and its 200-day simple moving average is $1.79.

AmpliTech Group (NASDAQ:AMPG) last posted its quarterly earnings data on Tuesday, May 28th. The company reported ($0.48) EPS for the quarter. The business had revenue of $2.29 million during the quarter. AmpliTech Group had a negative return on equity of 25.21% and a negative net margin of 47.51%.

AmpliTech Group Company Profile

AmpliTech Group, Inc designs, engineers, and assembles micro-wave component-based amplifiers. The company's products include radio frequency (RF) amplifiers and related subsystems, such as low noise amplifiers for use in receivers of various communication systems comprising Wi-Fi, radar, satellite, base station, cell phone, radio, etc.; and medium power amplifiers that provide enhanced output power and gain in transceiver chains.