Short Interest in AMMO, Inc. (NASDAQ:POWWP) Drops By 15.4%

AMMO, Inc. (NASDAQ:POWWP) saw a large decrease in short interest in September. As of September 15th, there was short interest totalling 2,200 shares, a decrease of 15.4% from the August 31st total of 2,600 shares. Based on an average daily volume of 3,300 shares, the days-to-cover ratio is currently 0.7 days.

AMMO Stock Down 17.2 %

NASDAQ:POWWP traded down $4.56 on Friday, hitting $21.99. The stock had a trading volume of 68,988 shares, compared to its average volume of 2,907. The business’s fifty day moving average is $25.49 and its 200 day moving average is $25.74. AMMO has a 52 week low of $19.80 and a 52 week high of $27.20.

AMMO Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Saturday, August 31st were issued a $0.559 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 10.17%. The ex-dividend date of this dividend was Friday, August 30th. This is a positive change from AMMO’s previous quarterly dividend of $0.56.

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.