AMMO, Inc. (NASDAQ:POWWP) Short Interest Update

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

AMMO Trading Up 0.5%

Shares of NASDAQ:POWWP traded up $0.12 during mid-day trading on Thursday, reaching $24.12. 1,155 shares of the company traded hands, compared to its average volume of 3,802. AMMO has a 52 week low of $21.70 and a 52 week high of $25.50. The company’s 50 day moving average price is $24.42 and its 200-day moving average price is $24.33.

AMMO Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors 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 annualized dividend and a yield of 9.1%.

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.