Short Interest in AMMO, Inc. (NASDAQ:POWWP) Drops By 53.2%

AMMO, Inc. (NASDAQ:POWWP) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 2,154 shares, a drop of 53.2% from the November 30th total of 4,602 shares. Based on an average daily trading volume, of 2,359 shares, the short-interest ratio is presently 0.9 days. Based on an average daily trading volume, of 2,359 shares, the short-interest ratio is presently 0.9 days.

AMMO Trading Down 0.1%

POWWP traded down $0.02 during trading hours on Monday, reaching $24.00. The company’s stock had a trading volume of 398 shares, compared to its average volume of 3,667. AMMO has a fifty-two week low of $18.46 and a fifty-two week high of $24.75. The business’s 50-day moving average is $24.16 and its 200-day moving average is $23.73.

AMMO (NASDAQ:POWWP) last posted its earnings results on Monday, February 14th. The company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $16.62 million for the quarter.

AMMO Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a $0.5469 dividend. This represents a $2.19 annualized dividend and a yield of 9.1%. The ex-dividend date was Monday, December 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.