AmpliTech Group, Inc. (NASDAQ:AMPG) Short Interest Down 14.4% in August

AmpliTech Group, Inc. (NASDAQ:AMPG) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 81,400 shares, a decrease of 14.4% from the August 15th total of 95,100 shares. Based on an average daily volume of 35,400 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC bought a new position in AmpliTech Group during the first quarter worth $34,000. Dimensional Fund Advisors LP bought a new position in AmpliTech Group during the fourth quarter worth $29,000. Susquehanna International Group LLP bought a new position in AmpliTech Group during the first quarter worth $43,000. BlackRock Inc. bought a new position in AmpliTech Group during the second quarter worth $38,000. Finally, Millennium Management LLC bought a new position in AmpliTech Group during the second quarter worth $35,000. 9.84% of the stock is owned by institutional investors.

AmpliTech Group Stock Performance

NASDAQ:AMPG opened at $1.87 on Friday. The firm’s fifty day moving average is $2.07 and its 200-day moving average is $2.47. AmpliTech Group has a 52 week low of $1.72 and a 52 week high of $3.57. The firm has a market cap of $18.03 million, a P/E ratio of -13.36 and a beta of 1.17.

AmpliTech Group (NASDAQ:AMPG) last issued its earnings results on Monday, August 14th. The company reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $4.07 million for the quarter. AmpliTech Group had a negative return on equity of 4.78% and a negative net margin of 7.63%.

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.