Short Interest in AmpliTech Group, Inc. (NASDAQ:AMPG) Grows By 73.2%

AmpliTech Group, Inc. (NASDAQ:AMPG) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,050,000 shares, a growth of 73.2% from the August 15th total of 606,300 shares. Based on an average daily trading volume, of 597,800 shares, the days-to-cover ratio is presently 1.8 days. Currently, 6.0% of the shares of the stock are short sold. Currently, 6.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 597,800 shares, the days-to-cover ratio is presently 1.8 days.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of AmpliTech Group from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd.

Institutional Trading of AmpliTech Group

Several large investors have recently modified their holdings of AMPG. AIGH Capital Management LLC acquired a new stake in AmpliTech Group during the first quarter worth approximately $1,403,000. PFG Investments LLC acquired a new stake in AmpliTech Group during the first quarter worth approximately $50,000. Asset Management One Co. Ltd. acquired a new stake in AmpliTech Group during the first quarter worth approximately $102,000. Jane Street Group LLC boosted its position in AmpliTech Group by 703.7% during the fourth quarter. Jane Street Group LLC now owns 124,406 shares of the company’s stock worth $639,000 after acquiring an additional 108,927 shares during the last quarter. Finally, Thompson Davis & CO. Inc. acquired a new stake in AmpliTech Group during the first quarter worth approximately $34,000. 10.99% of the stock is currently owned by institutional investors and hedge funds.

AmpliTech Group Price Performance

AMPG stock opened at $4.36 on Wednesday. The company’s 50 day simple moving average is $3.23 and its 200-day simple moving average is $2.32. The firm has a market capitalization of $89.69 million, a PE ratio of -7.03 and a beta of -0.98. AmpliTech Group has a 12 month low of $0.70 and a 12 month high of $6.43.

AmpliTech Group (NASDAQ:AMPG) last released its quarterly earnings results on Thursday, August 14th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The business had revenue of $11.03 million during the quarter, compared to analyst estimates of $3.50 million. AmpliTech Group had a negative net margin of 44.65% and a negative return on equity of 26.65%. AmpliTech Group has set its FY 2025 guidance at EPS.

About AmpliTech Group

AmpliTech Group, Inc designs, engineers, and assembles micro-wave component-based amplifiers. The company’s products include radio frequency (RF) amplifiers and related subsystems, such as low noise amplifiers for use in receivers of various communication systems comprising Wi-Fi, radar, satellite, base station, cell phone, radio, etc.; and medium power amplifiers that provide enhanced output power and gain in transceiver chains.