AmpliTech Group, Inc. (NASDAQ:AMPG) Sees Large Increase in Short Interest

AmpliTech Group, Inc. (NASDAQ:AMPG) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 1,116,583 shares, a growth of 64.2% from the January 15th total of 680,111 shares. Based on an average trading volume of 1,316,425 shares, the short-interest ratio is presently 0.8 days. Approximately 6.5% of the shares of the stock are short sold. Approximately 6.5% of the shares of the stock are short sold. Based on an average trading volume of 1,316,425 shares, the short-interest ratio is presently 0.8 days.

AmpliTech Group Stock Performance

AMPG stock opened at $2.70 on Monday. The firm has a market cap of $61.97 million, a P/E ratio of -5.29 and a beta of -0.96. The firm’s fifty day moving average is $3.25 and its 200 day moving average is $3.44. AmpliTech Group has a 52 week low of $1.21 and a 52 week high of $4.89.

AmpliTech Group (NASDAQ:AMPG) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.08. AmpliTech Group had a negative net margin of 33.77% and a negative return on equity of 21.04%. The business had revenue of $6.09 million during the quarter, compared to the consensus estimate of $5.00 million.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AmpliTech Group in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, AmpliTech Group presently has an average rating of “Sell”.

Institutional Investors Weigh In On AmpliTech Group

Several institutional investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC purchased a new stake in AmpliTech Group in the third quarter worth $752,000. Renaissance Technologies LLC purchased a new stake in shares of AmpliTech Group in the 4th quarter worth about $473,000. Pekin Hardy Strauss Inc. bought a new stake in shares of AmpliTech Group during the 3rd quarter valued at about $281,000. Marshall Wace LLP purchased a new position in shares of AmpliTech Group during the fourth quarter valued at about $181,000. Finally, Thompson Davis & CO. Inc. raised its stake in AmpliTech Group by 194.0% in the second quarter. Thompson Davis & CO. Inc. now owns 65,331 shares of the company’s stock worth $139,000 after buying an additional 43,111 shares in the last quarter. 10.99% of the stock is currently owned by hedge funds and other institutional investors.

AmpliTech Group Company Profile

AmpliTech Group, Inc is a design, development and manufacturing company specializing in high-performance RF and microwave components and subsystems. Headquartered in Lancaster, Pennsylvania, the company focuses on delivering ruggedized solutions for demanding applications in defense, aerospace, satellite communications and industrial test and measurement. AmpliTech’s products are engineered to meet stringent military and commercial standards, making them well-suited for mission-critical environments.

The company’s product portfolio includes high-power amplifiers, low-noise amplifiers, filters, frequency converters and integrated assemblies.