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

AmpliTech Group, Inc. (NASDAQ:AMPG) saw a large growth in short interest during 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 daily trading volume, of 6,060,000 shares, the days-to-cover ratio is presently 0.4 days. Currently, 19.4% of the shares of the stock are short sold.

AmpliTech Group Trading Up 17.6 %

NASDAQ:AMPG traded up $0.71 during trading hours on Thursday, reaching $4.75. The company’s stock had a trading volume of 14,020,887 shares, compared to its average volume of 1,665,047. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.98 and a current ratio of 4.91. The firm has a market capitalization of $66.74 million, a price-to-earnings ratio of -5.86 and a beta of 0.44. The firm has a 50-day simple moving average of $1.29 and a 200-day simple moving average of $1.07. AmpliTech Group has a 1 year low of $0.64 and a 1 year high of $4.94.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in AmpliTech Group stock. Bard Associates Inc. boosted its stake in shares of AmpliTech Group, Inc. (NASDAQ:AMPG) by 374.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 17.94% of AmpliTech Group worth $1,552,000 as of its most recent filing with the Securities and Exchange Commission (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.