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

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

Analysts Set New Price Targets

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

AmpliTech Group Stock Up 5.0 %

AMPG traded up $0.11 on Friday, hitting $2.31. The company had a trading volume of 39,635,961 shares, compared to its average volume of 1,396,257. The stock has a fifty day moving average price of $0.96 and a 200-day moving average price of $0.98. AmpliTech Group has a 12-month low of $0.64 and a 12-month high of $3.20. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.98 and a current ratio of 4.91. The stock has a market capitalization of $25.62 million, a price-to-earnings ratio of -2.85 and a beta of 0.44.

Hedge Funds Weigh In On AmpliTech Group

An institutional investor recently raised its position in AmpliTech Group stock. Bard Associates Inc. raised its stake in AmpliTech Group, Inc. (NASDAQ:AMPG) by 374.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 17.94% of AmpliTech Group worth $1,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 10.99% of the company’s stock.

AmpliTech Group Company Profile

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.