AMMO, Inc. (NASDAQ:POWWP) Short Interest Down 33.1% in July

AMMO, Inc. (NASDAQ:POWWP) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 882 shares, a decrease of 33.1% from the June 30th total of 1,319 shares. Based on an average daily volume of 1,740 shares, the days-to-cover ratio is currently 0.5 days.

AMMO Price Performance

Shares of NASDAQ POWWP opened at $24.38 on Friday. AMMO has a twelve month low of $22.90 and a twelve month high of $25.50. The firm has a fifty day simple moving average of $24.15 and a 200 day simple moving average of $24.36.

AMMO Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.5469 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.19 dividend on an annualized basis and a yield of 9.0%.

AMMO Company Profile

AMMO, Inc is a holding company organized in 2019 as a spin-off from Vista Outdoor and trades on the NASDAQ under the ticker POWWP. Through its subsidiaries, the company specializes in the design, manufacturing and marketing of ammunition and propellant powders for commercial, law enforcement and military customers. AMMO, Inc’s primary operating unit, Black Hills Ammunition, offers a range of premium cartridges in common and specialty calibers, while Bridgeport Powder manufactures a portfolio of smokeless propellants.

The company’s products cater to sport shooters, hunters, competitive marksmen and professional users.