Short Interest in AMMO, Inc. (NASDAQ:POWWP) Expands By 300.8%

AMMO, Inc. (NASDAQ:POWWP) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 3,535 shares, a growth of 300.8% from the July 15th total of 882 shares. Based on an average trading volume of 1,308 shares, the days-to-cover ratio is currently 2.7 days.

AMMO Stock Down 0.1%

Shares of AMMO stock opened at $24.59 on Friday. AMMO has a 12-month low of $22.90 and a 12-month high of $25.50. The stock’s fifty day moving average is $24.16 and its 200-day moving average is $24.39.

AMMO Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.5469 per share. This represents a $2.19 annualized dividend and a yield of 8.9%. The ex-dividend date is Tuesday, September 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.