AMMO, Inc. (NASDAQ:POWWP) Stock Short Interest Falls 64.5%

AMMO, Inc. (NASDAQ:POWWP) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 719 shares, a decrease of 64.5% from the September 15th total of 2,023 shares. Based on an average daily volume of 3,473 shares, the days-to-cover ratio is presently 0.2 days.

AMMO Stock Performance

Shares of POWWP stock traded down $0.65 during trading on Wednesday, hitting $23.47. 1,039 shares of the company were exchanged, compared to its average volume of 3,735. The business’s 50-day simple moving average is $24.08 and its 200 day simple moving average is $24.33. AMMO has a twelve month low of $22.75 and a twelve month high of $25.50.

AMMO Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a $0.5469 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $2.19 dividend on an annualized basis and a yield of 9.3%.

About AMMO

AMMO, Inc (NASDAQ: POWWP) is an American manufacturer of ammunition and ammunition-related products. The company develops and produces small-caliber ammunition for commercial, law enforcement, military and government customers, serving the growing market for firearms, personal protection, training and shooting sports.

Its product portfolio includes handgun and rifle ammunition, specialty and training rounds, and ammunition components. AMMO has marketed products under several brands and has emphasized the development of technologically differentiated ammunition for sporting, defensive and professional applications.

The company serves customers primarily in the United States through distributors, retailers and other commercial channels.