AmpliTech Group, Inc. (NASDAQ:AMPG) Short Interest Update

AmpliTech Group, Inc. (NASDAQ:AMPG) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 42,600 shares, an increase of 29.1% from the June 30th total of 33,000 shares. Based on an average trading volume of 48,800 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.6% of the company’s stock are sold short.

AmpliTech Group Stock Performance

AMPG opened at $1.13 on Tuesday. The business’s 50-day simple moving average is $1.14 and its 200-day simple moving average is $1.74. The company has a market cap of $10.98 million, a P/E ratio of -1.69 and a beta of 0.57. AmpliTech Group has a one year low of $1.00 and a one year high of $2.55.

AmpliTech Group (NASDAQ:AMPG) last released its quarterly earnings results on Tuesday, May 28th. The company reported ($0.48) earnings per share (EPS) for the quarter. The firm had revenue of $2.29 million for the quarter. AmpliTech Group had a negative return on equity of 25.21% and a negative net margin of 47.51%.

Institutional Trading of AmpliTech Group

A hedge fund recently raised its stake in AmpliTech Group stock. AMH Equity Ltd boosted its stake in shares of AmpliTech Group, Inc. (NASDAQ:AMPG) by 11.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 104,409 shares of the company’s stock after acquiring an additional 10,449 shares during the quarter. AMH Equity Ltd owned about 1.08% of AmpliTech Group worth $196,000 as of its most recent filing with the Securities and Exchange Commission. 10.99% of the stock is owned by hedge funds and other institutional investors.

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.