Short Interest in AMCON Distributing (NYSEAMERICAN:DIT) Declines By 25.0%

AMCON Distributing (NYSEAMERICAN:DITGet Rating) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 300 shares, a decrease of 25.0% from the March 15th total of 400 shares. Based on an average trading volume of 1,800 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the shares of the company are short sold.

A hedge fund recently raised its stake in AMCON Distributing stock. CM Management LLC boosted its position in shares of AMCON Distributing (NYSEAMERICAN:DITGet Rating) by 13.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,500 shares of the company’s stock after acquiring an additional 417 shares during the period. CM Management LLC owned 0.64% of AMCON Distributing worth $521,000 at the end of the most recent quarter. 9.43% of the stock is currently owned by hedge funds and other institutional investors.

DIT stock traded up $2.93 during mid-day trading on Monday, reaching $162.43. 2,559 shares of the company traded hands, compared to its average volume of 1,794. The company has a market capitalization of $94.70 million, a P/E ratio of 5.82 and a beta of 0.80. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.95 and a current ratio of 3.51. AMCON Distributing has a fifty-two week low of $115.60 and a fifty-two week high of $270.00.

AMCON Distributing (NYSEAMERICAN:DITGet Rating) last posted its quarterly earnings data on Tuesday, January 18th. The company reported $5.18 EPS for the quarter. The business had revenue of $422.57 million for the quarter. AMCON Distributing had a return on equity of 20.88% and a net margin of 0.92%.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 1st. Shareholders of record on Friday, February 4th were given a $0.18 dividend. The ex-dividend date of this dividend was Thursday, February 3rd. This represents a $0.72 annualized dividend and a yield of 0.44%. AMCON Distributing’s payout ratio is currently 2.67%.

Separately, TheStreet cut shares of AMCON Distributing from a “b-” rating to a “c+” rating in a research report on Wednesday, January 19th.

AMCON Distributing Company Profile (Get Rating)

AMCON Distributing Co engages in distribution of consumer products. Its products include cigarettes & tobacco products, candy & other confectionery, beverages, food service, groceries, paper products, automotive, health and beauty care products. The firm operates through the following business segments: Wholesale Distribution and Retail Health Food.

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