AmpliTech Group, Inc. (NASDAQ:AMPG) Short Interest Update

AmpliTech Group, Inc. (NASDAQ:AMPG) was the target of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 114,400 shares, an increase of 135.9% from the November 15th total of 48,500 shares. Based on an average daily volume of 126,300 shares, the short-interest ratio is presently 0.9 days. Currently, 1.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AmpliTech Group stock. Bard Associates Inc. lifted its stake in AmpliTech Group, Inc. (NASDAQ:AMPG) by 374.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,989,414 shares of the company’s stock after buying an additional 1,569,794 shares during the period. Bard Associates Inc. owned approximately 17.94% of AmpliTech Group worth $1,552,000 as of its most recent filing with the Securities and Exchange Commission. 10.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

AmpliTech Group Trading Up 5.0 %

AMPG stock opened at $2.31 on Friday. AmpliTech Group has a 52 week low of $0.64 and a 52 week high of $3.20. The company has a market capitalization of $25.62 million, a PE ratio of -2.85 and a beta of 0.44. The company’s 50-day simple moving average is $0.96 and its 200 day simple moving average is $0.98. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.98 and a current ratio of 4.91.

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.