AMMO, Inc. (NASDAQ:POWWP) Sees Large Drop in Short Interest

AMMO, Inc. (NASDAQ:POWWPGet Free Report) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 2,154 shares, a decline 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 trading on Friday, reaching $24.03. The company had a trading volume of 421 shares, compared to its average volume of 3,681. The company has a fifty day moving average of $24.16 and a two-hundred day moving average of $23.73. AMMO has a 12 month low of $18.46 and a 12 month high of $24.75.

AMMO (NASDAQ:POWWPGet Free Report) last announced its 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 during the quarter.

AMMO Dividend Announcement

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

About AMMO

(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

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