Short Interest in AMMO, Inc. (NASDAQ:POWWP) Drops By 36.4%

AMMO, Inc. (NASDAQ:POWWPGet Free Report) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,774 shares, a drop of 36.4% from the August 15th total of 2,791 shares. Based on an average trading volume of 6,394 shares, the days-to-cover ratio is currently 0.3 days.

AMMO Trading Down 1.8%

Shares of POWWP opened at $24.07 on Friday. The business’s fifty day simple moving average is $24.16 and its two-hundred day simple moving average is $24.35. AMMO has a 12 month low of $22.75 and a 12 month high of $25.50.

AMMO Announces Dividend

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

AMMO Company Profile

(Get Free Report)

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.

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