AMMO, Inc. (NASDAQ:POWWP) Short Interest Up 272.2% in March
by Scott Moore · The Cerbat GemAMMO, Inc. (NASDAQ:POWWP – Get Free Report) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 5,781 shares, a growth of 272.2% from the March 15th total of 1,553 shares. Based on an average trading volume of 4,557 shares, the days-to-cover ratio is currently 1.3 days.
AMMO Price Performance
NASDAQ POWWP traded down $0.37 on Friday, reaching $24.64. The company’s stock had a trading volume of 4,468 shares, compared to its average volume of 4,052. AMMO has a twelve month low of $21.07 and a twelve month high of $25.50. The firm’s 50 day moving average is $24.38 and its two-hundred day moving average is $24.20.
AMMO Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Sunday, March 1st were paid a dividend of $0.5469 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $2.19 dividend on an annualized basis and a yield of 8.9%.
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.