AmpliTech Group, Inc. (NASDAQ:AMPG) Sees Significant Increase in Short Interest

AmpliTech Group, Inc. (NASDAQ:AMPG) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 7,150,592 shares, an increase of 74.9% from the May 31st total of 4,088,991 shares. Approximately 34.0% of the company’s stock are sold short. Based on an average trading volume of 9,091,769 shares, the days-to-cover ratio is currently 0.8 days.

Insider Buying and Selling at AmpliTech Group

In other AmpliTech Group news, COO Jorge Luis Flores sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $5.36, for a total value of $160,800.00. Following the completion of the sale, the chief operating officer directly owned 76,000 shares of the company’s stock, valued at $407,360. The trade was a 28.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Louisa Sanfratello sold 50,000 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $4.80, for a total transaction of $240,000.00. Following the transaction, the chief financial officer owned 60,000 shares in the company, valued at $288,000. This represents a 45.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 107,157 shares of company stock worth $587,948 over the last ninety days. 17.12% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new position in shares of AmpliTech Group in the third quarter valued at approximately $57,000. Legato Capital Management LLC boosted its position in AmpliTech Group by 26.8% during the 4th quarter. Legato Capital Management LLC now owns 20,675 shares of the company’s stock worth $62,000 after buying an additional 4,376 shares during the period. Engineers Gate Manager LP bought a new stake in shares of AmpliTech Group in the 4th quarter valued at about $62,000. Millennium Management LLC acquired a new stake in shares of AmpliTech Group during the third quarter worth $73,000. Finally, Squarepoint Ops LLC grew its holdings in AmpliTech Group by 54.3% during the 3rd quarter. Squarepoint Ops LLC now owns 22,276 shares of the company’s stock worth $87,000 after acquiring an additional 7,837 shares during the period. 10.99% of the stock is owned by institutional investors and hedge funds.

AmpliTech Group Stock Performance

NASDAQ:AMPG opened at $6.86 on Thursday. The company has a market cap of $173.80 million, a price-to-earnings ratio of -22.08 and a beta of -0.27. AmpliTech Group has a 52-week low of $1.64 and a 52-week high of $10.11. The stock’s fifty day moving average price is $5.02 and its two-hundred day moving average price is $3.59.

AmpliTech Group (NASDAQ:AMPG) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). AmpliTech Group had a negative return on equity of 17.50% and a negative net margin of 24.82%.The firm had revenue of $5.35 million for the quarter, compared to the consensus estimate of $5.00 million.

Analyst Ratings Changes

Several brokerages have recently issued reports on AMPG. Wall Street Zen raised AmpliTech Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of AmpliTech Group in a research note on Monday, April 20th. Finally, Maxim Group lowered their target price on shares of AmpliTech Group from $9.00 to $7.00 and set a “buy” rating on the stock in a report on Monday, March 30th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $7.00.

About AmpliTech Group

AmpliTech Group, Inc is a design, development and manufacturing company specializing in high-performance RF and microwave components and subsystems. Headquartered in Lancaster, Pennsylvania, the company focuses on delivering ruggedized solutions for demanding applications in defense, aerospace, satellite communications and industrial test and measurement. AmpliTech’s products are engineered to meet stringent military and commercial standards, making them well-suited for mission-critical environments.

The company’s product portfolio includes high-power amplifiers, low-noise amplifiers, filters, frequency converters and integrated assemblies.