AmpliTech Group, Inc. (NASDAQ:AMPG) Short Interest Down 39.8% in September

AmpliTech Group, Inc. (NASDAQ:AMPG) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 32,000 shares, a decline of 39.8% from the September 15th total of 53,200 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 45,300 shares, the days-to-cover ratio is presently 0.7 days.

AmpliTech Group Stock Performance

NASDAQ AMPG opened at $0.80 on Friday. The company has a market cap of $7.74 million, a P/E ratio of -1.19 and a beta of 0.53. The business’s 50 day moving average price is $0.85 and its 200-day moving average price is $1.34. AmpliTech Group has a fifty-two week low of $0.64 and a fifty-two week high of $2.55.

AmpliTech Group (NASDAQ:AMPG) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.04). The business had revenue of $2.53 million during the quarter. AmpliTech Group had a negative net margin of 62.54% and a negative return on equity of 31.64%.

Institutional Investors Weigh In On AmpliTech Group

A hedge fund recently raised its stake in AmpliTech Group stock. AMH Equity Ltd increased its stake in shares of AmpliTech Group, Inc. (NASDAQ:AMPG) by 12.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,250 shares of the company’s stock after purchasing an additional 12,841 shares during the quarter. AMH Equity Ltd owned approximately 1.21% of AmpliTech Group worth $217,000 as of its most recent SEC filing. Institutional investors and hedge funds own 10.99% of the company’s stock.

Analysts Set New Price Targets

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

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.