AMMO, Inc. (NASDAQ:POWWP) Sees Large Increase in Short Interest

AMMO, Inc. (NASDAQ:POWWP) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 4,488 shares, a growth of 177.4% from the December 31st total of 1,618 shares. Based on an average trading volume of 938 shares, the short-interest ratio is presently 4.8 days. Based on an average trading volume of 938 shares, the short-interest ratio is presently 4.8 days.

AMMO Stock Performance

Shares of POWWP stock traded down $0.07 on Friday, reaching $24.03. The company had a trading volume of 2,462 shares, compared to its average volume of 1,448. AMMO has a 12 month low of $19.55 and a 12 month high of $24.75. The company has a 50-day moving average of $24.09 and a 200-day moving average of $23.94.

AMMO Dividend Announcement

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

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.