Short Interest in AmpliTech Group, Inc. (NASDAQ:AMPG) Expands By 78.2%

AmpliTech Group, Inc. (NASDAQ:AMPG) was the target of a large growth in short interest in the month of August. As of August 15th, there was short interest totaling 606,300 shares, agrowthof78.2% from the July 31st total of 340,300 shares. Currently,3.5% of the shares of the stock are sold short. Based on an average trading volume of 480,400 shares, the short-interest ratio is currently 1.3 days. Based on an average trading volume of 480,400 shares, the short-interest ratio is currently 1.3 days. Currently,3.5% of the shares of the stock are sold short.

Institutional Investors Weigh In On AmpliTech Group

Several institutional investors have recently added to or reduced their stakes in AMPG. AIGH Capital Management LLC purchased a new stake in AmpliTech Group during the 1st quarter valued at $1,403,000. Jane Street Group LLC boosted its position in AmpliTech Group by 703.7% during the 4th quarter. Jane Street Group LLC now owns 124,406 shares of the company’s stock valued at $639,000 after buying an additional 108,927 shares during the period. Asset Management One Co. Ltd. purchased a new stake in AmpliTech Group during the 1st quarter valued at $102,000. Essex Investment Management Co. LLC purchased a new stake in AmpliTech Group during the 1st quarter valued at $91,000. Finally, Thompson Davis & CO. Inc. boosted its position in AmpliTech Group by 194.0% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 65,331 shares of the company’s stock valued at $139,000 after buying an additional 43,111 shares during the period. Hedge funds and other institutional investors own 10.99% of the company’s stock.

AmpliTech Group Stock Performance

AMPG stock opened at $3.82 on Friday. AmpliTech Group has a 52 week low of $0.70 and a 52 week high of $6.43. The firm’s fifty day moving average is $2.96 and its 200 day moving average is $2.21. The firm has a market cap of $78.58 million, a P/E ratio of -6.16 and a beta of -0.98.

AmpliTech Group (NASDAQ:AMPG) last released its earnings results on Thursday, August 14th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.02). AmpliTech Group had a negative net margin of 44.65% and a negative return on equity of 26.65%. The business had revenue of $11.03 million for the quarter, compared to the consensus estimate of $3.50 million. AmpliTech Group has set its FY 2025 guidance at EPS.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of AmpliTech Group from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $5.00.

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.