AmpliTech Group, Inc. (NASDAQ:AMPG) Short Interest Down 39.8% in September

AmpliTech Group, Inc. (NASDAQ:AMPG) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 32,000 shares, a decline of 39.8% from the September 15th total of 53,200 shares. Based on an average trading volume of 45,300 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.5% of the shares of the company are short sold.

AmpliTech Group Stock Performance

NASDAQ:AMPG remained flat at $0.80 during midday trading on Friday. 24,909 shares of the company were exchanged, compared to its average volume of 37,886. The stock has a market cap of $7.78 million, a PE ratio of -1.03 and a beta of 0.53. The business’s 50-day simple moving average is $0.85 and its two-hundred day simple moving average is $1.34. AmpliTech Group has a 1 year low of $0.64 and a 1 year high of $2.55.

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

Analyst Ratings Changes

Separately, Maxim Group decreased their price target 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.

Institutional Trading of AmpliTech Group

A hedge fund recently raised its stake in AmpliTech Group stock. AMH Equity Ltd grew its stake in shares of AmpliTech Group, Inc. (NASDAQ:AMPG) by 12.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 117,250 shares of the company’s stock after purchasing an additional 12,841 shares during the period. AMH Equity Ltd owned approximately 1.21% of AmpliTech Group worth $217,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.