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

AMMO, Inc. (NASDAQ:POWWP) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 936 shares, a decrease of 42.4% from the April 15th total of 1,624 shares. Based on an average daily trading volume, of 6,689 shares, the days-to-cover ratio is presently 0.1 days.

AMMO Trading Down 0.2%

NASDAQ POWWP opened at $24.79 on Tuesday. The business’s 50-day moving average price is $24.66 and its 200 day moving average price is $24.34. AMMO has a twelve month low of $21.50 and a twelve month high of $25.50.

AMMO Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a $0.5469 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date is Monday, June 1st.

About AMMO

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.