Short Interest in AmpliTech Group, Inc. (NASDAQ:AMPG) Decreases By 20.8%

AmpliTech Group, Inc. (NASDAQ:AMPG) was the recipient of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 454,200 shares, a drop of 20.8% from the January 31st total of 573,700 shares. Based on an average daily volume of 8,060,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 2.7% of the company’s shares are short sold.

Institutional Investors Weigh In On AmpliTech Group

Institutional investors and hedge funds have recently modified their holdings of the business. Virtu Financial LLC acquired a new stake in AmpliTech Group during the 4th quarter worth $99,000. Geode Capital Management LLC boosted its position in shares of AmpliTech Group by 17.4% in the 4th quarter. Geode Capital Management LLC now owns 85,911 shares of the company’s stock worth $442,000 after purchasing an additional 12,708 shares during the last quarter. Jane Street Group LLC grew its stake in shares of AmpliTech Group by 703.7% during the fourth quarter. Jane Street Group LLC now owns 124,406 shares of the company’s stock worth $639,000 after purchasing an additional 108,927 shares during the period. Finally, Bard Associates Inc. increased its holdings in AmpliTech Group by 374.1% in the third quarter. Bard Associates Inc. now owns 1,989,414 shares of the company’s stock valued at $1,552,000 after purchasing an additional 1,569,794 shares during the last quarter. 10.99% of the stock is owned by institutional investors.

AmpliTech Group Stock Performance

Shares of NASDAQ:AMPG opened at $1.55 on Tuesday. The company has a current ratio of 4.91, a quick ratio of 1.98 and a debt-to-equity ratio of 0.02. AmpliTech Group has a 1-year low of $0.64 and a 1-year high of $6.43. The stock has a market capitalization of $27.10 million, a P/E ratio of -1.91 and a beta of -1.27. The business has a 50-day moving average price of $2.60 and a two-hundred day moving average price of $1.56.

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.