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

AMMO, Inc. (NASDAQ:POWWP) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 882 shares, a drop of 33.1% from the June 30th total of 1,319 shares. Based on an average daily volume of 1,740 shares, the days-to-cover ratio is presently 0.5 days.

AMMO Price Performance

POWWP stock opened at $24.43 on Friday. AMMO has a 52 week low of $22.90 and a 52 week high of $25.50. The company’s 50-day moving average price is $24.16 and its 200 day moving average price is $24.36.

AMMO Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 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 9.0%. The ex-dividend date was Monday, June 1st.

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.