AmpliTech Group, Inc. (NASDAQ:AMPG) Short Interest Down 9.0% in November

AmpliTech Group, Inc. (NASDAQ:AMPG) was the recipient of a significant 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. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 95,700 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of AmpliTech Group

A hedge fund recently raised its stake in AmpliTech Group stock. Bard Associates Inc. lifted its stake in shares of AmpliTech Group, Inc. (NASDAQ:AMPG) by 374.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter. Institutional investors own 10.99% of the company’s stock.

Wall Street Analysts Forecast Growth

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

AmpliTech Group Price Performance

Shares of NASDAQ:AMPG opened at $1.00 on Monday. The firm has a market capitalization of $11.09 million, a P/E ratio of -1.16 and a beta of 0.46. AmpliTech Group has a 12 month low of $0.64 and a 12 month high of $2.55. The company’s fifty day moving average price is $0.89 and its 200 day moving average price is $1.00. 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 Company Profile

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.