AMMO, Inc. (NASDAQ:POWWP) Short Interest Down 33.1% in July

AMMO, Inc. (NASDAQ:POWWP) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 882 shares, a decline of 33.1% from the June 30th total of 1,319 shares. Based on an average trading volume of 1,740 shares, the short-interest ratio is presently 0.5 days.

AMMO Price Performance

NASDAQ POWWP opened at $24.43 on Friday. AMMO has a 52-week low of $22.90 and a 52-week high of $25.50. The firm has a 50-day moving average price of $24.16 and a 200 day moving average price of $24.36.

AMMO Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.5469 dividend. The ex-dividend date was Monday, June 1st. This represents a $2.19 dividend on an annualized basis and a dividend yield of 9.0%.

About AMMO

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.