AmpliTech Group, Inc. (NASDAQ:AMPG) Short Interest Down 33.8% in September

Key Points

• AmpliTech Group, Inc. experienced a significant decline in short interest of 33.8% in September, decreasing from 947,900 to 627,500 shares.
• The company reported negative earnings per share of ($0.09) in its latest quarterly earnings, missing analysts' estimates.
• Weiss Ratings reaffirmed a "sell (d-)" rating on AmpliTech Group, with the stock currently holding a consensus rating of "Sell."

AmpliTech Group, Inc. (NASDAQ:AMPG - Get Free Report) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 627,500 shares, a decrease of 33.8% from the September 15th total of 947,900 shares. Based on an average trading volume of 752,100 shares, the short-interest ratio is currently 0.8 days. Currently, 3.6% of the shares of the stock are short sold. Currently, 3.6% of the shares of the stock are short sold. Based on an average trading volume of 752,100 shares, the short-interest ratio is currently 0.8 days.

AmpliTech Group Price Performance

AMPG stock opened at $3.79 on Wednesday. The company has a 50 day simple moving average of $3.87 and a 200 day simple moving average of $2.76. The stock has a market cap of $78.19 million, a price-to-earnings ratio of -6.11 and a beta of -0.98. AmpliTech Group has a 1 year low of $0.78 and a 1 year high of $6.43.

AmpliTech Group (NASDAQ:AMPG - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.02). The company had revenue of $11.03 million for the quarter, compared to analyst estimates of $3.50 million. AmpliTech Group had a negative return on equity of 26.65% and a negative net margin of 44.65%. AmpliTech Group has set its FY 2025 guidance at EPS.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of AmpliTech Group in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Sell".

Hedge Funds Weigh In On AmpliTech Group

Institutional investors have recently added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. acquired a new position in AmpliTech Group during the 1st quarter worth approximately $34,000. PFG Investments LLC acquired a new position in AmpliTech Group during the 1st quarter worth approximately $50,000. Essex Investment Management Co. LLC acquired a new position in AmpliTech Group during the 1st quarter worth approximately $91,000. Asset Management One Co. Ltd. acquired a new position in AmpliTech Group during the 1st quarter worth approximately $102,000. Finally, Geode Capital Management LLC increased its position in AmpliTech Group by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 167,569 shares of the company's stock worth $355,000 after purchasing an additional 4,811 shares in the last quarter. 10.99% of the stock is currently owned by institutional investors and hedge funds.

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.

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