AMMO, Inc. (NASDAQ:POWWP) Shares Shorted: Short Interest Down 64.5% in September

AMMO, Inc. (NASDAQ:POWWP) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 719 shares, a decline of 64.5% from the September 15th total of 2,023 shares. Based on an average trading volume of 3,473 shares, the short-interest ratio is presently 0.2 days.

AMMO Stock Down 2.8%

POWWP stock traded down $0.66 during mid-day trading on Tuesday, hitting $23.16. The company had a trading volume of 1,039 shares, compared to its average volume of 3,735. The company has a 50-day moving average price of $24.11 and a 200 day moving average price of $24.33. AMMO has a 12-month low of $22.75 and a 12-month high of $25.50.

AMMO Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a $0.5469 dividend. This represents a $2.19 annualized dividend and a dividend yield of 9.4%. The ex-dividend date of this dividend was Tuesday, September 1st.

AMMO Company Profile

AMMO, Inc (NASDAQ: POWWP) is an American manufacturer of ammunition and ammunition-related products. The company develops and produces small-caliber ammunition for commercial, law enforcement, military and government customers, serving the growing market for firearms, personal protection, training and shooting sports.

Its product portfolio includes handgun and rifle ammunition, specialty and training rounds, and ammunition components. AMMO has marketed products under several brands and has emphasized the development of technologically differentiated ammunition for sporting, defensive and professional applications.

The company serves customers primarily in the United States through distributors, retailers and other commercial channels.