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

AMMO, Inc. (NASDAQ:POWWP) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 1,774 shares, a drop of 36.4% from the August 15th total of 2,791 shares. Based on an average daily trading volume, of 6,394 shares, the short-interest ratio is currently 0.3 days.

AMMO Trading Up 1.0%

POWWP stock traded up $0.23 during midday trading on Thursday, reaching $24.38. 6,809 shares of the stock were exchanged, compared to its average volume of 3,817. The company has a fifty day moving average price of $24.17 and a 200 day moving average price of $24.35. AMMO has a 52 week low of $22.75 and a 52 week high of $25.50.

AMMO Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.5469 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $2.19 annualized dividend and a dividend yield of 9.0%.

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.