AmpliTech Group, Inc. (NASDAQ:AMPG) Short Interest Up 73.2% in August

Key Points

• AmpliTech Group's short interest surged by 73.2% in August, reaching a total of 1,050,000 shares, with 6.0% of the stock short sold.
• Wall Street analysts have upgraded AmpliTech's rating from "sell" to "hold," and the stock holds a consensus rating of "Buy" with a target price of $5.00.
• The company reported earnings of ($0.09) per share, missing estimates, while generating revenue of $11.03 million for the quarter, exceeding expectations of $3.50 million.

AmpliTech Group, Inc. (NASDAQ:AMPG - Get Free Report) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 1,050,000 shares, a growth of 73.2% from the August 15th total of 606,300 shares. Currently, 6.0% of the shares of the stock are short sold. Based on an average trading volume of 597,800 shares, the days-to-cover ratio is currently 1.8 days. Based on an average trading volume of 597,800 shares, the days-to-cover ratio is currently 1.8 days. Currently, 6.0% of the shares of the stock are short sold.

AmpliTech Group Trading Up 14.3%

NASDAQ:AMPG traded up $0.59 on Friday, reaching $4.73. The stock had a trading volume of 1,598,919 shares, compared to its average volume of 809,055. The company has a 50-day moving average of $3.35 and a 200 day moving average of $2.38. The stock has a market cap of $97.30 million, a P/E ratio of -7.63 and a beta of -0.98. AmpliTech Group has a 12-month low of $0.70 and a 12-month high of $6.43.

AmpliTech Group (NASDAQ:AMPG - Get Free Report) last issued its quarterly 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 return on equity of 26.65% and a negative net margin of 44.65%.The company 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 Ratings Changes

Separately, Wall Street Zen upgraded AmpliTech Group from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd.

Hedge Funds Weigh In On AmpliTech Group

Several large investors have recently modified their holdings of AMPG. Thompson Davis & CO. Inc. bought a new position in shares of AmpliTech Group during the first quarter worth about $34,000. PFG Investments LLC bought a new position in AmpliTech Group in the first quarter worth about $50,000. Essex Investment Management Co. LLC bought a new position in AmpliTech Group in the first quarter worth about $91,000. Asset Management One Co. Ltd. bought a new position in AmpliTech Group in the first quarter worth about $102,000. Finally, Geode Capital Management LLC lifted its holdings in AmpliTech Group by 3.0% in the second quarter. Geode Capital Management LLC now owns 167,569 shares of the company's stock worth $355,000 after acquiring an additional 4,811 shares during the last quarter. Institutional investors own 10.99% of the company's stock.

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.