AmpliTech Group, Inc. (NASDAQ:AMPG) Short Interest Up 73.2% in August

AmpliTech Group, Inc. (NASDAQ:AMPG) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,050,000 shares, an increase of 73.2% from the August 15th total of 606,300 shares. Approximately 6.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 597,800 shares, the days-to-cover ratio is presently 1.8 days. Based on an average daily trading volume, of 597,800 shares, the days-to-cover ratio is presently 1.8 days. Approximately 6.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of AmpliTech Group from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $5.00.

AmpliTech Group Stock Performance

NASDAQ:AMPG opened at $4.05 on Monday. The company has a market cap of $83.31 million, a price-to-earnings ratio of -6.53 and a beta of -0.98. The firm’s 50-day moving average is $3.14 and its 200-day moving average is $2.29. AmpliTech Group has a 52-week low of $0.70 and a 52-week high of $6.43.

AmpliTech Group (NASDAQ:AMPG) last posted its earnings results on Thursday, August 14th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). The business had revenue of $11.03 million during the quarter, compared to the consensus estimate of $3.50 million. AmpliTech Group had a negative net margin of 44.65% and a negative return on equity of 26.65%. AmpliTech Group has set its FY 2025 guidance at EPS.

Hedge Funds Weigh In On AmpliTech Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMPG. Geode Capital Management LLC lifted its position in shares of AmpliTech Group by 3.0% during the second quarter. Geode Capital Management LLC now owns 167,569 shares of the company’s stock worth $355,000 after purchasing an additional 4,811 shares in the last quarter. Thompson Davis & CO. Inc. acquired a new position in AmpliTech Group in the first quarter valued at approximately $34,000. PFG Investments LLC acquired a new position in AmpliTech Group in the first quarter valued at approximately $50,000. Essex Investment Management Co. LLC acquired a new position in AmpliTech Group in the first quarter valued at approximately $91,000. Finally, Asset Management One Co. Ltd. bought a new stake in AmpliTech Group in the first quarter valued at approximately $102,000. 10.99% of the stock is currently owned by institutional investors and hedge funds.

About AmpliTech Group

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.