Short Interest in AMMO, Inc. (NASDAQ:POWWP) Declines By 77.3%

AMMO, Inc. (NASDAQ:POWWP) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totalling 500 shares, a decrease of 77.3% from the September 15th total of 2,200 shares. Based on an average daily volume of 5,100 shares, the short-interest ratio is presently 0.1 days.

AMMO Stock Up 1.3 %

Shares of AMMO stock traded up $0.29 on Thursday, reaching $23.13. 1,400 shares of the company traded hands, compared to its average volume of 3,161. The company has a 50 day moving average of $24.98 and a 200 day moving average of $25.56. AMMO has a 52 week low of $19.55 and a 52 week high of $27.20.

AMMO Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Saturday, August 31st were paid a $0.559 dividend. The ex-dividend date of this dividend was Friday, August 30th. This is a boost from AMMO’s previous quarterly dividend of $0.56. This represents a $2.24 annualized dividend and a yield of 9.67%.

About AMMO

AMMO, Inc designs, produces, and markets ammunition and ammunition component products for sport and recreational shooters, hunters, individuals seeking home or personal protection, manufacturers, and law enforcement and military agencies. The company's products include STREAK Visual Ammunition that enables shooters to see the path of the bullets fired by them; and Stelth Subsonic ammunition primarily for suppressed firearms.