Short Interest in AmpliTech Group, Inc. (NASDAQ:AMPG) Expands By 135.9%

AmpliTech Group, Inc. (NASDAQ:AMPG) saw a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 114,400 shares, a growth of 135.9% from the November 15th total of 48,500 shares. Based on an average daily volume of 126,300 shares, the short-interest ratio is presently 0.9 days. Currently, 1.3% of the company’s stock are sold short.

AmpliTech Group Stock Up 5.0 %

Shares of AMPG stock traded up $0.11 during trading hours on Friday, reaching $2.31. 39,635,961 shares of the company’s stock were exchanged, compared to its average volume of 1,396,257. AmpliTech Group has a 1 year low of $0.64 and a 1 year high of $3.20. The stock has a market cap of $25.62 million, a PE ratio of -2.85 and a beta of 0.44. The company has a current ratio of 4.91, a quick ratio of 1.98 and a debt-to-equity ratio of 0.02. The stock’s fifty day moving average price is $0.96 and its two-hundred day moving average price is $0.98.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On AmpliTech Group

A hedge fund recently raised its stake in AmpliTech Group stock. Bard Associates Inc. increased its position in shares of AmpliTech Group, Inc. (NASDAQ:AMPG) by 374.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,989,414 shares of the company’s stock after purchasing 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 SEC filing. 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.