Short Interest in AmpliTech Group, Inc. (NASDAQ:AMPG) Rises By 59.8%

AmpliTech Group, Inc. (NASDAQ:AMPG) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totalling 53,200 shares, a growth of 59.8% from the August 31st total of 33,300 shares. Based on an average daily volume of 44,400 shares, the short-interest ratio is currently 1.2 days. Approximately 0.8% of the company’s stock are sold short.

Institutional Investors Weigh In On AmpliTech Group

A hedge fund recently raised its stake in AmpliTech Group stock. Bard Associates Inc. grew its holdings in AmpliTech Group, Inc. (NASDAQ:AMPG) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 359,113 shares of the company’s stock after purchasing an additional 8,000 shares during the period. Bard Associates Inc. owned about 3.71% of AmpliTech Group worth $675,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 10.99% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Maxim Group dropped their price target on AmpliTech Group from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Monday, September 16th.

AmpliTech Group Trading Up 2.3 %

NASDAQ AMPG opened at $0.84 on Friday. AmpliTech Group has a 12 month low of $0.64 and a 12 month high of $2.55. The stock’s fifty day moving average price is $0.93 and its 200-day moving average price is $1.41. The stock has a market cap of $8.21 million, a P/E ratio of -1.26 and a beta of 0.53.

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

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.