Short Interest in AMMO, Inc. (NASDAQ:POWW) Rises By 42.6%

AMMO, Inc. (NASDAQ:POWW) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 4,890,000 shares, an increase of 42.6% from the January 15th total of 3,430,000 shares. Currently, 5.7% of the company’s shares are sold short. Based on an average daily trading volume, of 1,060,000 shares, the days-to-cover ratio is presently 4.6 days.

Institutional Investors Weigh In On AMMO

A number of large investors have recently made changes to their positions in POWW. Triune Financial Partners LLC bought a new stake in shares of AMMO in the 3rd quarter worth approximately $29,000. Tuttle Capital Management LLC bought a new stake in shares of AMMO during the fourth quarter valued at approximately $33,000. Prudential Financial Inc. bought a new stake in shares of AMMO during the fourth quarter valued at approximately $41,000. SG Americas Securities LLC bought a new stake in shares of AMMO during the third quarter valued at approximately $44,000. Finally, Intech Investment Management LLC boosted its position in shares of AMMO by 175.6% during the fourth quarter. Intech Investment Management LLC now owns 42,033 shares of the company’s stock valued at $46,000 after purchasing an additional 26,783 shares in the last quarter. 26.40% of the stock is currently owned by institutional investors.

AMMO Trading Up 4.0 %

Shares of POWW stock traded up $0.07 during trading hours on Friday, reaching $1.84. The company’s stock had a trading volume of 595,444 shares, compared to its average volume of 1,374,192. The stock has a market capitalization of $218.51 million, a P/E ratio of -8.76 and a beta of 0.46. AMMO has a one year low of $0.95 and a one year high of $2.94. The firm’s fifty day simple moving average is $1.38 and its 200 day simple moving average is $1.37. The company has a current ratio of 3.17, a quick ratio of 1.87 and a debt-to-equity ratio of 0.03.

About AMMO

AMMO, Inc designs, produces, and markets ammunition and ammunition component products for sport and recreational shooters, hunters, individuals seeking home or personal protection, manufacturers, and law enforcement and military agencies. The company's products include STREAK Visual Ammunition that enables shooters to see the path of the bullets fired by them; and Stelth Subsonic ammunition primarily for suppressed firearms.