Short Interest in AmpliTech Group, Inc. (NASDAQ:AMPG) Rises By 135.9%

AmpliTech Group, Inc. (NASDAQ:AMPG) was the target of a significant increase in short interest in November. As of November 30th, there was short interest totalling 114,400 shares, an increase of 135.9% from the November 15th total of 48,500 shares. Based on an average daily volume of 126,300 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On AmpliTech Group

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

AmpliTech Group Stock Performance

NASDAQ AMPG opened at $2.31 on Friday. The firm’s 50 day simple moving average is $0.96 and its 200 day simple moving average is $0.98. The firm has a market capitalization of $25.62 million, a price-to-earnings ratio of -2.85 and a beta of 0.44. 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 1 year low of $0.64 and a 1 year high of $3.20.

Wall Street Analyst Weigh In

Separately, Maxim Group cut their price objective on shares of AmpliTech Group from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Monday, September 16th.

About AmpliTech Group

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.