Short Interest in AMMO, Inc. (NASDAQ:POWWP) Grows By 272.2%

AMMO, Inc. (NASDAQ:POWWP) saw a large increase in short interest in March. As of March 31st, there was short interest totaling 5,781 shares, an increase of 272.2% from the March 15th total of 1,553 shares. Based on an average trading volume of 4,557 shares, the days-to-cover ratio is currently 1.3 days.

AMMO Trading Down 1.5%

Shares of NASDAQ POWWP traded down $0.37 during mid-day trading on Friday, hitting $24.64. The company had a trading volume of 4,468 shares, compared to its average volume of 4,052. AMMO has a 12 month low of $21.07 and a 12 month high of $25.50. The firm’s 50 day simple moving average is $24.38 and its two-hundred day simple moving average is $24.20.

AMMO Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Sunday, March 1st were issued a $0.5469 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $2.19 annualized dividend and a dividend yield of 8.9%.

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.