AMMO, Inc. (NASDAQ:POWWP) Short Interest Update

AMMO, Inc. (NASDAQ:POWWP) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 4,787 shares, an increase of 317.7% from the February 12th total of 1,146 shares. Based on an average daily volume of 6,008 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 6,008 shares, the days-to-cover ratio is presently 0.8 days.

AMMO Trading Up 0.3%

Shares of AMMO stock opened at $24.54 on Thursday. AMMO has a 1 year low of $20.00 and a 1 year high of $24.75. The firm’s 50-day moving average is $24.19 and its 200 day moving average is $24.13.

AMMO Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Sunday, March 1st will be issued a dividend of $0.5469 per share. The ex-dividend date is Friday, February 27th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 8.9%.

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.