Short Interest in AMMO, Inc. (NASDAQ:POWWP) Grows By 177.4%

AMMO, Inc. (NASDAQ:POWWP) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 4,488 shares, an increase of 177.4% from the December 31st total of 1,618 shares. Based on an average daily trading volume, of 938 shares, the days-to-cover ratio is presently 4.8 days. Based on an average daily trading volume, of 938 shares, the days-to-cover ratio is presently 4.8 days.

AMMO Price Performance

AMMO stock opened at $23.85 on Thursday. The company’s 50 day simple moving average is $24.10 and its 200-day simple moving average is $23.93. AMMO has a 1 year low of $19.55 and a 1 year high of $24.75.

AMMO Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a $0.5469 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $2.19 dividend on an annualized basis and a yield of 9.2%.

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.