Short Interest in AMMO, Inc. (NASDAQ:POWWP) Rises By 233.3%

AMMO, Inc. (NASDAQ:POWWP) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 1,000 shares, a growth of 233.3% from the October 31st total of 300 shares. Based on an average trading volume of 5,400 shares, the short-interest ratio is currently 0.2 days.

AMMO Price Performance

Shares of AMMO stock traded up $1.28 on Thursday, reaching $22.85. The company had a trading volume of 4,622 shares, compared to its average volume of 3,450. The firm’s 50 day moving average price is $22.06 and its two-hundred day moving average price is $24.48. AMMO has a 52-week low of $18.20 and a 52-week high of $27.20.

AMMO Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.559 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 9.79%. The ex-dividend date of this dividend is Monday, December 2nd.

About AMMO

AMMO, Inc designs, produces, and markets ammunition and ammunition component products for sport and recreational shooters, hunters, individuals desiring 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; Stelth Subsonic Ammunition primarily for suppressed firearms; and Jagemann Munition Components offers ammunition casings for pistol and rifle ammunition.