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

by · The Cerbat Gem

AmpliTech Group, Inc. (NASDAQ:AMPG – Get Free Report) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 70,200 shares, a growth of 119.4% from the September 30th total of 32,000 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily volume of 47,500 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AmpliTech Group stock. AMH Equity Ltd lifted its stake in shares of AmpliTech Group, Inc. (NASDAQ:AMPG – Free Report) by 12.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 117,250 shares of the company’s stock after buying an additional 12,841 shares during the period. AMH Equity Ltd owned about 1.21% of AmpliTech Group worth $217,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 10.99% of the company’s stock.

AmpliTech Group Price Performance

NASDAQ:AMPG traded down $0.02 during mid-day trading on Friday, reaching $1.03. The stock had a trading volume of 35,401 shares, compared to its average volume of 38,848. AmpliTech Group has a 12 month low of $0.64 and a 12 month high of $2.55. The stock has a 50-day simple moving average of $0.83 and a two-hundred day simple moving average of $1.24. The stock has a market capitalization of $10.01 million, a PE ratio of -1.54 and a beta of 0.53.

AmpliTech Group (NASDAQ:AMPG – Get Free Report) last announced its quarterly earnings data 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 net margin of 62.54% and a negative return on equity of 31.64%. The firm had revenue of $2.53 million during the quarter.

Analyst Ratings Changes

Separately, Maxim Group lowered their target price 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.

Get Our Latest Stock Analysis on AmpliTech Group

AmpliTech Group Company Profile

(Get Free Report)

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.

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