AmpliTech Group, Inc. (NASDAQ:AMPG) Sees Large Drop in Short Interest

AmpliTech Group, Inc. (NASDAQ:AMPG) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 48,500 shares, a decline of 9.0% from the October 31st total of 53,300 shares. Based on an average daily trading volume, of 95,700 shares, the short-interest ratio is presently 0.5 days. Approximately 0.6% of the shares of the stock are sold short.

Institutional Trading of AmpliTech Group

An institutional investor recently raised its position in AmpliTech Group stock. Bard Associates Inc. boosted its position in AmpliTech Group, Inc. (NASDAQ:AMPG) by 374.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,989,414 shares of the company’s stock after purchasing an additional 1,569,794 shares during the quarter. Bard Associates Inc. owned about 17.94% of AmpliTech Group worth $1,552,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 10.99% of the company’s stock.

AmpliTech Group Trading Up 6.5 %

Shares of AmpliTech Group stock opened at $1.00 on Monday. The business has a 50 day moving average price of $0.89 and a 200 day moving average price of $1.00. The company has a market capitalization of $11.09 million, a P/E ratio of -1.16 and a beta of 0.46. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.91 and a quick ratio of 1.98. AmpliTech Group has a 1 year low of $0.64 and a 1 year high of $2.55.

Analysts Set New Price Targets

Separately, Maxim Group dropped their target price on shares of AmpliTech Group from $6.00 to $5.00 and set a “buy” rating for the company in a report on Monday, September 16th.

About AmpliTech Group

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.