AmpliTech Group, Inc. (NASDAQ:AMPG) Sees Large Growth in Short Interest

Key Points

• Short interest in AmpliTech Group, Inc. increased by 78.2% in August, with a total of 606,300 shares shorted, representing 3.5% of the company's shares.
• The company reported a quarterly earnings loss of ($0.09) per share, missing analyst estimates, while revenue reached $11.03 million against an expected $3.50 million.
• Institutions now own 10.99% of AmpliTech's stock, with notable stake increases from firms like Thompson Davis & CO. Inc., which boosted its stake by 194.0% in the second quarter.

AmpliTech Group, Inc. (NASDAQ:AMPG - Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 15th, there was short interest totaling 606,300 shares, a growth of 78.2% from the July 31st total of 340,300 shares. Based on an average daily volume of 480,400 shares, the days-to-cover ratio is presently 1.3 days. Approximately 3.5% of the shares of the stock are sold short. Approximately 3.5% of the shares of the stock are sold short. Based on an average daily volume of 480,400 shares, the days-to-cover ratio is presently 1.3 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised 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, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $5.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AIGH Capital Management LLC purchased a new position in AmpliTech Group in the first quarter worth about $1,403,000. PFG Investments LLC purchased a new position in AmpliTech Group in the first quarter worth about $50,000. Asset Management One Co. Ltd. purchased a new position in shares of AmpliTech Group during the first quarter valued at approximately $102,000. Jane Street Group LLC boosted its position in shares of AmpliTech Group by 703.7% during the fourth 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. Finally, Thompson Davis & CO. Inc. purchased a new position in shares of AmpliTech Group during the first quarter valued at approximately $34,000. Hedge funds and other institutional investors own 10.99% of the company's stock.

AmpliTech Group Stock Down 0.8%

AMPG traded down $0.03 on Thursday, hitting $3.82. The company had a trading volume of 370,929 shares, compared to its average volume of 959,722. The company has a market cap of $78.58 million, a PE ratio of -6.16 and a beta of -0.98. AmpliTech Group has a 12-month low of $0.70 and a 12-month high of $6.43. The business's fifty day simple moving average is $3.10 and its 200 day simple moving average is $2.27.

AmpliTech Group (NASDAQ:AMPG - Get Free Report) last released 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). The company had revenue of $11.03 million during the quarter, compared to analysts' expectations 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.

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.