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

AMMO, Inc. (NASDAQ:POWWP) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 1,618 shares, a decline of 24.9% from the December 15th total of 2,154 shares. Based on an average trading volume of 2,179 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 2,179 shares, the short-interest ratio is currently 0.7 days.

AMMO Stock Performance

Shares of AMMO stock traded up $0.03 during midday trading on Friday, hitting $24.13. The company had a trading volume of 3,856 shares, compared to its average volume of 1,276. The company has a fifty day simple moving average of $24.14 and a 200 day simple moving average of $23.84. AMMO has a 12-month low of $19.40 and a 12-month high of $24.75.

AMMO Announces Dividend

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

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.