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

AMMO, Inc. (NASDAQ:POWWP) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 1,774 shares, a decline of 36.4% from the August 15th total of 2,791 shares. Based on an average daily volume of 6,394 shares, the days-to-cover ratio is currently 0.3 days.

AMMO Stock Up 1.0%

Shares of AMMO stock traded up $0.23 during trading on Thursday, reaching $24.38. 6,809 shares of the company traded hands, compared to its average volume of 3,817. The company has a 50 day moving average price of $24.17 and a 200-day moving average price of $24.35. AMMO has a 1-year low of $22.75 and a 1-year high of $25.50.

AMMO Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a $0.5469 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $2.19 annualized dividend and a 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.