AmpliTech Group, Inc. (NASDAQ:AMPG) Short Interest Up 64.2% in January

AmpliTech Group, Inc. (NASDAQ:AMPG) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 1,116,583 shares, an increase of 64.2% from the January 15th total of 680,111 shares. Based on an average daily trading volume, of 1,316,425 shares, the days-to-cover ratio is presently 0.8 days. Currently, 6.5% of the shares of the company are short sold. Currently, 6.5% of the shares of the company are short sold. Based on an average daily trading volume, of 1,316,425 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On AmpliTech Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Virtu Financial LLC bought a new stake in shares of AmpliTech Group in the third quarter valued at $57,000. Bryn Mawr Trust Advisors LLC raised its stake in AmpliTech Group by 37.1% in the 3rd quarter. Bryn Mawr Trust Advisors LLC now owns 14,775 shares of the company’s stock valued at $57,000 after acquiring an additional 4,000 shares during the period. Millennium Management LLC bought a new stake in AmpliTech Group in the 3rd quarter valued at about $73,000. Legato Capital Management LLC lifted its holdings in AmpliTech Group by 26.8% during the fourth quarter. Legato Capital Management LLC now owns 20,675 shares of the company’s stock valued at $62,000 after purchasing an additional 4,376 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its position in AmpliTech Group by 54.3% during the third quarter. Squarepoint Ops LLC now owns 22,276 shares of the company’s stock worth $87,000 after purchasing an additional 7,837 shares during the period. 10.99% of the stock is owned by institutional investors.

AmpliTech Group Stock Performance

NASDAQ AMPG opened at $2.70 on Friday. The company has a market capitalization of $61.97 million, a PE ratio of -5.29 and a beta of -0.96. AmpliTech Group has a 52-week low of $1.21 and a 52-week high of $4.89. The company has a 50-day simple moving average of $3.25 and a 200 day simple moving average of $3.43.

AmpliTech Group (NASDAQ:AMPG) last released its earnings results on Friday, November 14th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.08. AmpliTech Group had a negative net margin of 33.77% and a negative return on equity of 21.04%. The firm had revenue of $6.09 million for the quarter, compared to analysts’ expectations of $5.00 million.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AmpliTech Group in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

About AmpliTech Group

AmpliTech Group, Inc is a design, development and manufacturing company specializing in high-performance RF and microwave components and subsystems. Headquartered in Lancaster, Pennsylvania, the company focuses on delivering ruggedized solutions for demanding applications in defense, aerospace, satellite communications and industrial test and measurement. AmpliTech’s products are engineered to meet stringent military and commercial standards, making them well-suited for mission-critical environments.

The company’s product portfolio includes high-power amplifiers, low-noise amplifiers, filters, frequency converters and integrated assemblies.