Short Interest in AMMO, Inc. (NASDAQ:POWWP) Grows By 300.8%

AMMO, Inc. (NASDAQ:POWWP) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 3,535 shares, a growth of 300.8% from the July 15th total of 882 shares. Based on an average daily volume of 1,308 shares, the short-interest ratio is currently 2.7 days.

AMMO Price Performance

NASDAQ POWWP traded down $0.02 during trading on Friday, reaching $24.59. The company’s stock had a trading volume of 5,118 shares, compared to its average volume of 3,463. The firm has a fifty day moving average of $24.15 and a 200 day moving average of $24.39. AMMO has a one year low of $22.90 and a one year high of $25.50.

AMMO Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.5469 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.19 dividend on an annualized basis and a dividend yield of 8.9%.

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.