Short Interest in AMMO, Inc. (NASDAQ:POWWP) Declines By 67.6%

AMMO, Inc. (NASDAQ:POWWP) was the target of a large drop in short interest in March. As of March 13th, there was short interest totaling 1,553 shares, a drop of 67.6% from the February 26th total of 4,787 shares. Based on an average daily volume of 3,454 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 3,454 shares, the days-to-cover ratio is presently 0.4 days.

AMMO Price Performance

POWWP stock opened at $23.97 on Wednesday. AMMO has a 52 week low of $20.50 and a 52 week high of $24.75. The company’s 50-day moving average price is $24.19 and its 200 day moving average price is $24.14.

AMMO Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Sunday, March 1st were given a dividend of $0.5469 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date was Friday, February 27th.

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.