Short Interest in AMCON Distributing (NYSEAMERICAN:DIT) Drops By 18.8%

AMCON Distributing (NYSEAMERICAN:DIT - Get Free Report) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 1,300 shares, a decrease 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 Down 0.6 %

DIT traded down $0.74 on Wednesday, reaching $116.76. The company's stock had a trading volume of 287 shares, compared to its average volume of 314. The stock has a market cap of $75.89 million, a price-to-earnings ratio of 16.28 and a beta of 0.57. AMCON Distributing has a 1 year low of $99.87 and a 1 year high of $174.99. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.46 and a quick ratio of 0.91. The business's 50 day moving average is $125.59 and its 200 day moving average is $130.50.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on AMCON Distributing in a research note on Monday. They issued a "hold" rating for the company.

AMCON Distributing Company Profile

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.