Short Interest in AmpliTech Group, Inc. (NASDAQ:AMPG) Increases By 1,901.7%

AmpliTech Group, Inc. (NASDAQ:AMPG) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 2,290,000 shares, a growth of 1,901.7% from the November 30th total of 114,400 shares. Based on an average trading volume of 6,060,000 shares, the short-interest ratio is presently 0.4 days. Approximately 19.4% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

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

AmpliTech Group Trading Up 11.5 %

Shares of AMPG opened at $5.71 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.91 and a quick ratio of 1.98. AmpliTech Group has a 1-year low of $0.64 and a 1-year high of $6.28. The company has a market capitalization of $80.23 million, a P/E ratio of -7.05 and a beta of 0.44. The firm’s 50 day simple moving average is $1.47 and its 200 day simple moving average is $1.13.

Institutional Trading of AmpliTech Group

An institutional investor recently raised its position in AmpliTech Group stock. Bard Associates Inc. raised its holdings in shares of AmpliTech Group, Inc. (NASDAQ:AMPG) by 374.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,989,414 shares of the company’s stock after purchasing an additional 1,569,794 shares during the period. Bard Associates Inc. owned 17.94% of AmpliTech Group worth $1,552,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 10.99% of the company’s stock.

About AmpliTech Group

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.