Short Interest in AmpliTech Group, Inc. (NASDAQ:AMPG) Decreases By 49.8%

Key Points

• Short interest in AmpliTech Group fell 49.8% to 3.32 million shares as of July 31, though 15.8% of the company’s shares remain sold short.
• AMPG shares declined 33.4% to $3.99 during Friday trading, while the company’s latest quarterly loss of $0.12 per share significantly missed analysts’ $0.02 loss estimate. Revenue of $8.07 million was slightly above expectations.
• Analyst sentiment remains mixed, with the stock carrying an average “Hold” rating and a $7.00 target price; insiders have sold 107,157 shares worth approximately $587,948 over the past three months.

AmpliTech Group, Inc. (NASDAQ:AMPG - Get Free Report) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 3,323,586 shares, a decline of 49.8% from the July 15th total of 6,621,420 shares. Currently, 15.8% of the shares of the company are sold short. Based on an average daily trading volume, of 2,122,301 shares, the short-interest ratio is presently 1.6 days.

AmpliTech Group Trading Down 33.4%

Shares of NASDAQ AMPG traded down $2.00 during mid-day trading on Friday, reaching $3.99. The company had a trading volume of 10,281,670 shares, compared to its average volume of 2,202,642. The company has a 50-day moving average price of $6.54 and a two-hundred day moving average price of $4.15. The stock has a market cap of $101.11 million, a PE ratio of -11.74 and a beta of -0.20. AmpliTech Group has a 1-year low of $1.64 and a 1-year high of $10.11.

AmpliTech Group (NASDAQ:AMPG - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.10). The company had revenue of $8.07 million for the quarter, compared to analysts' expectations of $8.00 million. AmpliTech Group had a negative net margin of 33.37% and a negative return on equity of 20.52%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of AmpliTech Group in a report on Friday, July 17th. Wall Street Zen raised shares of AmpliTech Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 13th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $7.00.

Insider Transactions at AmpliTech Group

In other news, COO Jorge Luis Flores sold 30,000 shares of the business's stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $5.36, for a total transaction of $160,800.00. Following the completion of the transaction, the chief operating officer directly owned 76,000 shares in the company, valued at approximately $407,360. The trade was a 28.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Daniel Richard Mazziota sold 10,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $4.95, for a total value of $49,500.00. Following the completion of the transaction, the director directly owned 254,900 shares of the company's stock, valued at $1,261,755. This trade represents a 3.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 107,157 shares of company stock worth $587,948. Company insiders own 17.12% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of AmpliTech Group by 3.0% during the second quarter. Geode Capital Management LLC now owns 167,569 shares of the company's stock valued at $355,000 after acquiring an additional 4,811 shares during the period. Dimensional Fund Advisors LP boosted its stake in AmpliTech Group by 62.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 63,051 shares of the company's stock worth $245,000 after purchasing an additional 24,302 shares during the period. Squarepoint Ops LLC grew its position in AmpliTech Group by 54.3% during the 3rd quarter. Squarepoint Ops LLC now owns 22,276 shares of the company's stock worth $87,000 after purchasing an additional 7,837 shares in the last quarter. Two Sigma Investments LP grew its position in AmpliTech Group by 45.7% during the 3rd quarter. Two Sigma Investments LP now owns 30,531 shares of the company's stock worth $119,000 after purchasing an additional 9,570 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in AmpliTech Group during the 3rd quarter valued at $57,000. 10.99% of the stock is currently owned by institutional investors and hedge funds.

AmpliTech Group Company Profile

AmpliTech Group, Inc is a design, development and manufacturing company specializing in high-performance RF and microwave components and subsystems. Headquartered in Lancaster, Pennsylvania, the company focuses on delivering ruggedized solutions for demanding applications in defense, aerospace, satellite communications and industrial test and measurement. AmpliTech's products are engineered to meet stringent military and commercial standards, making them well-suited for mission-critical environments.

The company's product portfolio includes high-power amplifiers, low-noise amplifiers, filters, frequency converters and integrated assemblies.

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