AmpliTech Group, Inc. (NASDAQ:AMPG) Sees Significant Increase in Short Interest

AmpliTech Group, Inc. (NASDAQ:AMPG - Get Free Report) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 2,290,000 shares, an increase of 1,901.7% from the November 30th total of 114,400 shares. Approximately 19.4% of the company's shares are sold short. Based on an average daily trading volume, of 6,060,000 shares, the days-to-cover ratio is presently 0.4 days.

AmpliTech Group Trading Up 26.7 %

Shares of AMPG traded up $1.08 during midday trading on Thursday, hitting $5.12. 20,204,742 shares of the stock were exchanged, compared to its average volume of 1,692,653. 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 firm has a market cap of $71.94 million, a P/E ratio of -6.32 and a beta of 0.44. AmpliTech Group has a 52-week low of $0.64 and a 52-week high of $5.43. The stock has a fifty day simple moving average of $1.29 and a 200 day simple moving average of $1.07.

Analyst Ratings Changes

Separately, Maxim Group decreased their price objective on shares of AmpliTech Group from $6.00 to $5.00 and set a "buy" rating on the stock in a report on Monday, September 16th.

Hedge Funds Weigh In On AmpliTech Group

A hedge fund recently raised its stake in AmpliTech Group stock. Bard Associates Inc. boosted its holdings in shares of AmpliTech Group, Inc. (NASDAQ:AMPG - Free Report) by 374.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing. 10.99% of the stock is owned by institutional investors and hedge funds.

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.