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

AMCON Distributing (NYSEAMERICAN:DIT) saw a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 1,300 shares, a decline of 18.8% from the March 15th total of 1,600 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 300 shares, the short-interest ratio is presently 4.3 days.

AMCON Distributing Stock Performance

NYSEAMERICAN:DIT traded down $0.74 during midday trading on Monday, reaching $116.76. The stock had a trading volume of 287 shares, compared to its average volume of 314. The stock has a market capitalization of $75.89 million, a P/E ratio of 16.28 and a beta of 0.57. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.46 and a quick ratio of 0.91. AMCON Distributing has a 1-year low of $99.87 and a 1-year high of $174.99. The firm’s fifty day simple moving average is $126.23 and its 200-day simple moving average is $130.59.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on AMCON Distributing in a research report on Monday. They set a “hold” rating for the company.

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.