Short Interest in AmpliTech Group, Inc. (NASDAQ:AMPG) Rises By 12.7%

AmpliTech Group, Inc. (NASDAQ:AMPG) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 573,700 shares, a growth of 12.7% from the January 15th total of 508,900 shares. Approximately 3.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,000,000 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On AmpliTech Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Virtu Financial LLC bought a new position in AmpliTech Group during the 4th quarter valued at about $99,000. Geode Capital Management LLC increased its holdings in shares of AmpliTech Group by 17.4% during the fourth quarter. Geode Capital Management LLC now owns 85,911 shares of the company’s stock worth $442,000 after buying an additional 12,708 shares in the last quarter. Jane Street Group LLC raised its stake in shares of AmpliTech Group by 703.7% in the fourth quarter. Jane Street Group LLC now owns 124,406 shares of the company’s stock valued at $639,000 after acquiring an additional 108,927 shares during the last quarter. Finally, Bard Associates Inc. boosted its holdings in shares of AmpliTech Group by 374.1% in the 3rd quarter. Bard Associates Inc. now owns 1,989,414 shares of the company’s stock worth $1,552,000 after acquiring an additional 1,569,794 shares in the last quarter. Institutional investors and hedge funds own 10.99% of the company’s stock.

AmpliTech Group Stock Performance

Shares of NASDAQ:AMPG opened at $2.05 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.91 and a quick ratio of 1.98. The business’s fifty day moving average price is $2.61 and its two-hundred day moving average price is $1.49. AmpliTech Group has a fifty-two week low of $0.64 and a fifty-two week high of $6.43. The stock has a market capitalization of $35.83 million, a price-to-earnings ratio of -2.53 and a beta of -1.27.

AmpliTech Group Company Profile

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.