AMMO, Inc. (NASDAQ:POWWP) Sees Significant Increase in Short Interest

AMMO, Inc. (NASDAQ:POWWP) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 4,787 shares, a growth of 317.7% from the February 12th total of 1,146 shares. Based on an average daily volume of 6,008 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 6,008 shares, the days-to-cover ratio is presently 0.8 days.

AMMO Trading Up 0.4%

Shares of NASDAQ POWWP opened at $24.35 on Friday. The stock has a 50 day simple moving average of $24.20 and a 200-day simple moving average of $24.13. AMMO has a 12-month low of $20.00 and a 12-month high of $24.75.

AMMO Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Sunday, March 1st will be paid a dividend of $0.5469 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.19 annualized dividend and a yield of 9.0%.

About AMMO

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.