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

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

AMMO Trading Up 4.0 %

AMMO stock traded up $0.07 during trading hours on Friday, hitting $1.84. The stock had a trading volume of 595,444 shares, compared to its average volume of 1,374,192. The company has a quick ratio of 1.87, a current ratio of 3.17 and a debt-to-equity ratio of 0.03. The stock has a market cap of $218.51 million, a price-to-earnings ratio of -8.76 and a beta of 0.46. AMMO has a one year low of $0.95 and a one year high of $2.94. The business’s 50 day simple moving average is $1.38 and its 200-day simple moving average is $1.37.

Hedge Funds Weigh In On AMMO

Several large investors have recently bought and sold shares of POWW. SG Americas Securities LLC bought a new position in AMMO in the third quarter valued at about $44,000. Stratos Investment Management LLC bought a new position in shares of AMMO during the third quarter worth about $143,000. Triune Financial Partners LLC bought a new position in shares of AMMO during the third quarter worth about $29,000. Victory Capital Management Inc. raised its position in shares of AMMO by 13.3% during the third quarter. Victory Capital Management Inc. now owns 82,356 shares of the company’s stock worth $118,000 after acquiring an additional 9,649 shares during the last quarter. Finally, Empowered Funds LLC raised its position in shares of AMMO by 5.4% during the third quarter. Empowered Funds LLC now owns 571,540 shares of the company’s stock worth $817,000 after acquiring an additional 29,078 shares during the last quarter. 26.40% of the stock is currently owned by institutional investors.

AMMO Company Profile

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.