AMMO, Inc. (NASDAQ:POWWP – Get Free Report) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 1,618 shares, a decline of 24.9% from the December 15th total of 2,154 shares. Based on an average daily trading volume, of 2,179 shares, the short-interest ratio is currently 0.7 days. Based on an average daily trading volume, of 2,179 shares, the short-interest ratio is currently 0.7 days.
AMMO Stock Performance
NASDAQ:POWWP traded up $0.03 on Friday, reaching $24.13. 3,856 shares of the stock traded hands, compared to its average volume of 1,276. AMMO has a 1-year low of $19.40 and a 1-year high of $24.75. The company’s 50 day moving average is $24.14 and its 200-day moving average is $23.83.
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%.
AMMO Company Profile
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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