AMMO, Inc. (NASDAQ:POWWP) Sees Significant Decline in Short Interest

AMMO, Inc. (NASDAQ:POWWP) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 798 shares, a drop of 38.4% from the May 31st total of 1,296 shares. Based on an average daily volume of 1,801 shares, the short-interest ratio is presently 0.4 days.

AMMO Stock Up 0.5%

Shares of NASDAQ POWWP opened at $24.12 on Friday. The stock’s fifty day moving average price is $24.39 and its two-hundred day moving average price is $24.33. AMMO has a one year low of $21.70 and a one year high of $25.50.

AMMO Announces Dividend

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

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.