Short Interest in AmpliTech Group, Inc. (NASDAQ:AMPG) Drops By 9.0%

AmpliTech Group, Inc. (NASDAQ:AMPG) was the recipient of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 48,500 shares, a decline of 9.0% from the October 31st total of 53,300 shares. Based on an average daily volume of 95,700 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.6% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AmpliTech Group stock. Bard Associates Inc. increased its holdings in AmpliTech Group, Inc. (NASDAQ:AMPG) by 374.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,989,414 shares of the company’s stock after acquiring an additional 1,569,794 shares during the quarter. Bard Associates Inc. owned about 17.94% of AmpliTech Group worth $1,552,000 as of its most recent filing with the Securities & Exchange Commission. 10.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

AmpliTech Group Stock Performance

AmpliTech Group stock opened at $0.89 on Wednesday. The company has a current ratio of 4.91, a quick ratio of 1.98 and a debt-to-equity ratio of 0.02. The firm has a market cap of $9.84 million, a P/E ratio of -1.10 and a beta of 0.44. AmpliTech Group has a 1-year low of $0.64 and a 1-year high of $2.55. The firm has a 50-day moving average of $0.89 and a 200-day moving average of $0.98.

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.