AMMO, Inc. (NASDAQ:POWWP – Get Free Report) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 798 shares, a drop of 38.4% from the May 31st total of 1,296 shares. Based on an average trading volume of 1,801 shares, the short-interest ratio is presently 0.4 days.
AMMO Stock Up 0.5%
Shares of AMMO stock traded up $0.12 on Thursday, reaching $24.12. The company’s stock had a trading volume of 1,155 shares, compared to its average volume of 3,802. AMMO has a 52 week low of $21.70 and a 52 week high of $25.50. The firm’s fifty day simple moving average is $24.42 and its two-hundred day simple moving average is $24.33.
AMMO Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.5469 dividend. The ex-dividend date was Monday, June 1st. This represents a $2.19 dividend on an annualized basis and a dividend yield of 9.1%.
AMMO Company Profile
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.
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