Short Interest in AMMO, Inc. (NASDAQ:POWWP) Decreases By 38.4%

AMMO, Inc. (NASDAQ:POWWP) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 798 shares, a decline of 38.4% from the May 31st total of 1,296 shares. Based on an average trading volume of 1,801 shares, the short-interest ratio is presently 0.4 days.

AMMO Price Performance

NASDAQ POWWP opened at $24.12 on Friday. AMMO has a 52-week low of $21.70 and a 52-week high of $25.50. The firm has a 50-day moving average price of $24.41 and a 200 day moving average price of $24.33.

AMMO Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.5469 per share. The ex-dividend date was Monday, June 1st. This represents a $2.19 annualized dividend and a 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.