Short Interest in AMMO, Inc. (NASDAQ:POWWP) Rises By 233.3%

AMMO, Inc. (NASDAQ:POWWP) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 1,000 shares, an increase of 233.3% from the October 31st total of 300 shares. Based on an average daily volume of 5,400 shares, the short-interest ratio is presently 0.2 days.

AMMO Trading Up 5.9 %

Shares of NASDAQ:POWWP traded up $1.28 during trading hours on Thursday, reaching $22.85. The stock had a trading volume of 4,622 shares, compared to its average volume of 3,450. AMMO has a 1 year low of $18.20 and a 1 year high of $27.20. The firm’s 50 day moving average is $22.06 and its 200-day moving average is $24.48.

AMMO Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.559 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 9.79%. The ex-dividend date of this dividend is Monday, December 2nd.

AMMO Company Profile

AMMO, Inc designs, produces, and markets ammunition and ammunition component products for sport and recreational shooters, hunters, individuals desiring 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; Stelth Subsonic Ammunition primarily for suppressed firearms; and Jagemann Munition Components offers ammunition casings for pistol and rifle ammunition.