Short interest in AMMO, Inc. (NASDAQ:POWWP) down 15.4%

AMMO, Inc. (NASDAQ:POWWP – Get Your Free Report ) saw a significant drop in short interest in September. Since September 15th, there was short interest totaling 2,200 shares, down 15.4% from its August 31st total of 2,600 shares. Based on an average daily volume of 3,300 shares, the days-to-cover ratio is currently 0.7 days.

Ammo stock down 17.2%

NASDAQ:POWWP traded down $4.56 on Friday, reaching $21.99. The stock had a trading volume of 68,988 shares compared to its average volume of 2,907. The company’s fifty day moving average is $25.49 and its 200 day moving average is $25.74. AMMO has a 52 week low of $19.80 and a 52 week high of $27.20.

AMMO is raising dividends

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Saturday, August 31st were issued a $0.559 dividend. This represents a dividend of $2.24 on an annualized basis and a dividend yield of 10.17%. The ex-dividend date of this dividend was Friday, August 30. This is a positive change from AMMO’s previous quarterly dividend of $0.56.

About AMMO

(Get a free report)

AMMO, Inc designs, manufactures and markets ammunition and ammunition component products for sport and recreational shooters, hunters, individuals seeking personal or home protection, manufacturers and law enforcement and military agencies. The company’s products include STREAK visual ammunition that allows shooters to see the trajectory of their bullets; and Stealth Subsonic ammunition primarily for suppressed firearms.

See Also

Get news and reviews for AMMO Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for AMMO and related companies with MarketBeat.com’s FREE daily email newsletter.