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

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

Institutional Trading of AMMO

A number of institutional investors have recently made changes to their positions in the business. Balentine LLC acquired a new position in AMMO during the fourth quarter worth $17,622,000. JB Capital Partners LP acquired a new position in AMMO during the fourth quarter worth $605,000. Sapient Capital LLC acquired a new position in AMMO during the fourth quarter worth $165,000. Stratos Investment Management LLC acquired a new stake in AMMO in the third quarter valued at $143,000. Finally, Barclays PLC lifted its stake in AMMO by 270.0% in the third quarter. Barclays PLC now owns 117,494 shares of the company’s stock valued at $168,000 after acquiring an additional 85,738 shares during the last quarter. Institutional investors own 26.40% of the company’s stock.

AMMO Stock Up 4.0 %

POWW traded up $0.07 during trading on Friday, reaching $1.84. The company had a trading volume of 595,444 shares, compared to its average volume of 1,374,192. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.17 and a quick ratio of 1.87. AMMO has a 12 month low of $0.95 and a 12 month high of $2.94. The business’s fifty day moving average price is $1.38 and its 200 day moving average price is $1.37. The company has a market cap of $218.51 million, a P/E ratio of -8.76 and a beta of 0.46.

About AMMO

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.