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

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

Hedge Funds Weigh In On AMMO

Institutional investors and hedge funds have recently bought and sold shares of the stock. ProShare Advisors LLC increased its position in AMMO by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 25,262 shares of the company's stock worth $28,000 after purchasing an additional 8,312 shares during the last quarter. Triune Financial Partners LLC acquired a new stake in shares of AMMO in the third quarter worth $29,000. Tuttle Capital Management LLC acquired a new stake in shares of AMMO in the fourth quarter worth $33,000. Prudential Financial Inc. acquired a new stake in shares of AMMO in the fourth quarter worth $41,000. Finally, SG Americas Securities LLC acquired a new stake in shares of AMMO in the third quarter worth $44,000. Institutional investors and hedge funds own 26.40% of the company's stock.

AMMO Trading Down 2.4 %

POWW stock traded down $0.05 on Thursday, hitting $1.83. 41,535 shares of the company were exchanged, compared to its average volume of 1,264,630. AMMO has a twelve month low of $0.95 and a twelve month high of $2.94. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.17 and a quick ratio of 1.87. The business's fifty day moving average is $1.42 and its two-hundred day moving average is $1.38. The stock has a market capitalization of $216.74 million, a price-to-earnings ratio of -8.71 and a beta of 0.46.

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.