AMCON Distributing (NYSEAMERICAN:DIT) Sees Large Increase in Short Interest

AMCON Distributing (NYSEAMERICAN:DIT) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 1,100 shares, a growth of 175.0% from the December 31st total of 400 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 200 shares, the short-interest ratio is currently 5.5 days.

AMCON Distributing Price Performance

NYSEAMERICAN:DIT traded up $0.49 on Thursday, reaching $124.00. The stock had a trading volume of 292 shares, compared to its average volume of 241. The company has a quick ratio of 0.91, a current ratio of 2.46 and a debt-to-equity ratio of 1.23. The firm has a market cap of $80.60 million, a PE ratio of 17.29 and a beta of 0.57. AMCON Distributing has a 1-year low of $117.00 and a 1-year high of $205.00.

AMCON Distributing (NYSEAMERICAN:DIT) last posted its quarterly earnings results on Friday, November 8th. The company reported $2.04 earnings per share (EPS) for the quarter. The business had revenue of $746.29 million for the quarter. AMCON Distributing had a return on equity of 3.97% and a net margin of 0.16%.

AMCON Distributing Announces Dividend

The company also recently declared a special dividend, which will be paid on Friday, January 31st. Investors of record on Monday, December 30th will be given a $0.28 dividend. The ex-dividend date is Monday, December 30th. AMCON Distributing’s dividend payout ratio is 10.04%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of AMCON Distributing in a research note on Wednesday, January 15th. They issued a “hold” rating on the stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC lifted its holdings in shares of AMCON Distributing (NYSEAMERICAN:DIT) by 5.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,756 shares of the company’s stock after purchasing an additional 134 shares during the quarter. Empowered Funds LLC owned 0.44% of AMCON Distributing worth $399,000 at the end of the most recent quarter. Institutional investors own 11.14% of the company’s stock.

About AMCON Distributing

AMCON Distributing Company, together with its subsidiaries, engages in the wholesale distribution of consumer products in the Central, Rocky Mountain, and Mid-South regions of the United States. It operates through Wholesale Distribution and Retail Health Food segments. The Wholesale Distribution segment distributes consumer products, including cigarettes and tobacco products, candy and other confectionery, beverages, groceries, paper products, health and beauty care products, frozen and refrigerated products, and institutional foodservice products.