AmpliTech Group, Inc. (NASDAQ:AMPG) Short Interest Down 55.2% in August

AmpliTech Group, Inc. (NASDAQ:AMPG) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 33,300 shares, a drop of 55.2% from the August 15th total of 74,400 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 41,800 shares, the short-interest ratio is currently 0.8 days.

Hedge Funds Weigh In On AmpliTech Group

A hedge fund recently raised its stake in AmpliTech Group stock. Bard Associates Inc. increased its stake in shares of AmpliTech Group, Inc. (NASDAQ:AMPG) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 359,113 shares of the company’s stock after buying an additional 8,000 shares during the quarter. Bard Associates Inc. owned 3.71% of AmpliTech Group worth $675,000 at the end of the most recent quarter. 10.99% of the stock is currently owned by institutional investors and hedge funds.

AmpliTech Group Trading Down 3.3 %

AMPG stock traded down $0.03 during mid-day trading on Friday, reaching $0.84. The company’s stock had a trading volume of 26,935 shares, compared to its average volume of 38,967. The company has a market cap of $8.16 million, a price-to-earnings ratio of -1.25 and a beta of 0.53. AmpliTech Group has a 12 month low of $0.64 and a 12 month high of $2.55. The business’s 50 day moving average price is $0.98 and its 200 day moving average price is $1.47.

AmpliTech Group (NASDAQ:AMPG) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.04). AmpliTech Group had a negative return on equity of 31.64% and a negative net margin of 62.54%. The company had revenue of $2.53 million during the quarter.

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.