Short Interest in AmpliTech Group, Inc. (NASDAQ:AMPG) Rises By 135.9%

AmpliTech Group, Inc. (NASDAQ:AMPG) was the recipient of a significant increase in short interest in 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. Approximately 1.3% of the company’s shares are short sold. Based on an average trading volume of 126,300 shares, the short-interest ratio is presently 0.9 days.

AmpliTech Group Trading Up 94.5 %

Shares of AMPG opened at $1.93 on Thursday. The stock’s 50-day moving average is $0.93 and its two-hundred day moving average is $0.97. The stock has a market cap of $21.40 million, a PE ratio of -2.38 and a beta of 0.44. AmpliTech Group has a 12 month low of $0.64 and a 12 month high of $2.55. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.91 and a quick ratio of 1.98.

Wall Street Analyst Weigh In

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

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% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 approximately 17.94% of AmpliTech Group worth $1,552,000 as of its most recent filing with the SEC. 10.99% of the stock is currently owned by institutional investors.

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.