AMMO, Inc. (NASDAQ:POWWP) Sees Large Drop in Short Interest

AMMO, Inc. (NASDAQ:POWWP) was the recipient of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 1,146 shares, a decrease of 76.7% from the January 29th total of 4,910 shares. Based on an average trading volume of 4,137 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 4,137 shares, the short-interest ratio is currently 0.3 days.

AMMO Stock Performance

POWWP stock traded down $0.30 during midday trading on Friday, reaching $24.39. The stock had a trading volume of 5,346 shares, compared to its average volume of 3,382. The firm has a fifty day simple moving average of $24.12 and a two-hundred day simple moving average of $24.09. AMMO has a 52-week low of $20.00 and a 52-week high of $24.75.

AMMO Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Sunday, March 1st will be issued a dividend of $0.5469 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 9.0%.

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.