AMMO, Inc. (NASDAQ:POWWP – Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 3,535 shares, an increase of 300.8% from the July 15th total of 882 shares. Based on an average daily volume of 1,308 shares, the days-to-cover ratio is currently 2.7 days.
AMMO Stock Up 0.7%
Shares of AMMO stock opened at $24.50 on Thursday. The stock has a 50 day moving average price of $24.15 and a two-hundred day moving average price of $24.39. AMMO has a 12-month low of $22.90 and a 12-month high of $25.50.
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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