AMMO, Inc. (NASDAQ:POWWP) Stock Short Interest Declines 64.5%

AMMO, Inc. (NASDAQ:POWWP) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 719 shares, a decrease of 64.5% from the September 15th total of 2,023 shares. Based on an average trading volume of 3,473 shares, the short-interest ratio is currently 0.2 days.

AMMO Price Performance

Shares of AMMO stock traded up $0.20 during trading hours on Monday, reaching $24.02. The company had a trading volume of 1,938 shares, compared to its average volume of 3,750. AMMO has a one year low of $22.75 and a one year high of $25.50. The business has a fifty day simple moving average of $24.12 and a 200 day simple moving average of $24.33.

AMMO Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a dividend of $0.5469 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $2.19 dividend on an annualized basis and a yield of 9.1%.

About AMMO

AMMO, Inc (NASDAQ: POWWP) is an American manufacturer of ammunition and ammunition-related products. The company develops and produces small-caliber ammunition for commercial, law enforcement, military and government customers, serving the growing market for firearms, personal protection, training and shooting sports.

Its product portfolio includes handgun and rifle ammunition, specialty and training rounds, and ammunition components. AMMO has marketed products under several brands and has emphasized the development of technologically differentiated ammunition for sporting, defensive and professional applications.

The company serves customers primarily in the United States through distributors, retailers and other commercial channels.