Short Interest in AMMO, Inc. (NASDAQ:POWW) Expands By 42.6%

AMMO, Inc. (NASDAQ:POWW) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 4,890,000 shares, an increase of 42.6% from the January 15th total of 3,430,000 shares. Currently, 5.7% of the shares of the company are sold short. Based on an average trading volume of 1,060,000 shares, the days-to-cover ratio is presently 4.6 days.

AMMO Stock Performance

NASDAQ:POWW traded up $0.07 during mid-day trading on Friday, reaching $1.84. 595,444 shares of the company’s stock were exchanged, compared to its average volume of 1,374,192. AMMO has a one year low of $0.95 and a one year high of $2.94. The firm has a market capitalization of $218.51 million, a PE ratio of -8.76 and a beta of 0.46. The business’s fifty day simple moving average is $1.38 and its two-hundred day simple moving average is $1.37. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.87 and a current ratio of 3.17.

Institutional Investors Weigh In On AMMO

Large investors have recently bought and sold shares of the company. Triune Financial Partners LLC acquired a new stake in shares of AMMO in the 3rd quarter valued at approximately $29,000. Tuttle Capital Management LLC acquired a new stake in AMMO during the 4th quarter worth approximately $33,000. Prudential Financial Inc. bought a new position in AMMO during the 4th quarter worth approximately $41,000. SG Americas Securities LLC bought a new position in AMMO during the 3rd quarter worth approximately $44,000. Finally, Intech Investment Management LLC raised its holdings in AMMO by 175.6% during the 4th quarter. Intech Investment Management LLC now owns 42,033 shares of the company’s stock worth $46,000 after purchasing an additional 26,783 shares during the last quarter. 26.40% of the stock is currently owned by institutional investors and hedge funds.

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.