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

AmpliTech Group, Inc. (NASDAQ:AMPG) saw a large drop in short interest in June. As of June 15th, there was short interest totalling 37,800 shares, a drop of 49.1% from the May 31st total of 74,300 shares. Based on an average daily volume of 47,400 shares, the short-interest ratio is presently 0.8 days. Currently, 0.6% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AmpliTech Group stock. AMH Equity Ltd raised its stake in AmpliTech Group, Inc. (NASDAQ:AMPG) by 11.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 104,409 shares of the company’s stock after purchasing an additional 10,449 shares during the quarter. AMH Equity Ltd owned 1.08% of AmpliTech Group worth $196,000 at the end of the most recent reporting period. Institutional investors own 10.99% of the company’s stock.

AmpliTech Group Price Performance

AMPG stock opened at $1.05 on Friday. The firm has a market capitalization of $10.21 million, a P/E ratio of -1.57 and a beta of 0.58. The business’s 50-day moving average is $1.59 and its two-hundred day moving average is $1.86. AmpliTech Group has a 1 year low of $1.00 and a 1 year high of $2.68.

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%.

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.