AmpliTech Group, Inc. (NASDAQ:AMPG) Short Interest Update

Posted by Carol Hyndes on Dec 3rd, 2024

AmpliTech Group, Inc. (NASDAQ:AMPG – Get Free Report) was the target of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 48,500 shares, a decline of 9.0% from the October 31st total of 53,300 shares. Based on an average daily trading volume, of 95,700 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.6% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Maxim Group lowered their target price on shares of AmpliTech Group from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Monday, September 16th.

View Our Latest Report on AmpliTech Group

AmpliTech Group Trading Down 7.3 %

Shares of AMPG stock opened at $0.87 on Tuesday. The company has a current ratio of 4.91, a quick ratio of 1.98 and a debt-to-equity ratio of 0.02. AmpliTech Group has a 12-month low of $0.64 and a 12-month high of $2.55. The stock has a market capitalization of $9.65 million, a P/E ratio of -1.07 and a beta of 0.46. The firm’s 50 day moving average is $0.89 and its 200 day moving average is $0.99.

Hedge Funds Weigh In On AmpliTech Group

A hedge fund recently raised its stake in AmpliTech Group stock. Bard Associates Inc. lifted its holdings in AmpliTech Group, Inc. (NASDAQ:AMPG – Free Report) by 374.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,989,414 shares of the company’s stock after purchasing an additional 1,569,794 shares during the period. Bard Associates Inc. owned about 17.94% of AmpliTech Group worth $1,552,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 10.99% of the company’s stock.

About AmpliTech Group

(Get Free Report)

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.