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

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On AmpliTech Group

A number of hedge funds have recently made changes to their positions in the business. AIGH Capital Management LLC purchased a new position in shares of AmpliTech Group in the 1st quarter valued at $1,403,000. Geode Capital Management LLC increased its stake in AmpliTech Group by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 167,569 shares of the company’s stock worth $355,000 after buying an additional 4,811 shares during the period. Jane Street Group LLC increased its stake in AmpliTech Group by 703.7% during the 4th quarter. Jane Street Group LLC now owns 124,406 shares of the company’s stock worth $639,000 after buying an additional 108,927 shares during the period. Asset Management One Co. Ltd. purchased a new stake in AmpliTech Group during the 1st quarter worth $102,000. Finally, Thompson Davis & CO. Inc. increased its stake in AmpliTech Group by 194.0% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 65,331 shares of the company’s stock worth $139,000 after buying an additional 43,111 shares during the period. Hedge funds and other institutional investors own 10.99% of the company’s stock.

AmpliTech Group Trading Up 5.3%

Shares of AMPG stock opened at $4.36 on Wednesday. The company’s fifty day simple moving average is $3.23 and its 200-day simple moving average is $2.32. AmpliTech Group has a 52 week low of $0.70 and a 52 week high of $6.43. The company has a market cap of $89.69 million, a PE ratio of -7.03 and a beta of -0.98.

AmpliTech Group (NASDAQ:AMPG) last issued its earnings results on Thursday, August 14th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). AmpliTech Group had a negative net margin of 44.65% and a negative return on equity of 26.65%. The business had revenue of $11.03 million during the quarter, compared to analysts’ expectations of $3.50 million. 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.