AMMO, Inc. (NASDAQ:POWWP) Short Interest Up 177.4% in January

AMMO, Inc. (NASDAQ:POWWP) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 4,488 shares, a growth of 177.4% from the December 31st total of 1,618 shares. Based on an average trading volume of 938 shares, the days-to-cover ratio is currently 4.8 days. Based on an average trading volume of 938 shares, the days-to-cover ratio is currently 4.8 days.

AMMO Stock Performance

POWWP stock opened at $24.03 on Friday. The company’s 50 day simple moving average is $24.09 and its 200-day simple moving average is $23.94. AMMO has a 52-week low of $19.55 and a 52-week high of $24.75.

AMMO Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a dividend of $0.5469 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $2.19 dividend on an annualized basis and a dividend yield of 9.1%.

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.