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

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

AMMO Stock Up 0.8%

Shares of POWWP traded up $0.20 during mid-day trading on Monday, reaching $24.02. 1,938 shares of the stock traded hands, compared to its average volume of 3,750. AMMO has a 1 year low of $22.75 and a 1 year high of $25.50. The firm has a fifty day moving average price of $24.12 and a 200 day moving average price of $24.33.

AMMO Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a dividend of $0.5469 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $2.19 annualized dividend 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.