AMCON Distributing (NYSEAMERICAN:DIT) Short Interest Up 133.3% in April

AMCON Distributing (NYSEAMERICAN:DITGet Rating) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 700 shares, an increase of 133.3% from the March 31st total of 300 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 1,500 shares, the days-to-cover ratio is currently 0.5 days.

AMCON Distributing stock opened at $168.10 on Friday. 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 12-month low of $122.85 and a 12-month high of $270.00. The firm has a market cap of $98.34 million, a P/E ratio of 6.23 and a beta of 0.80.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Friday, May 6th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, May 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.43%. AMCON Distributing’s payout ratio is presently 2.67%.

Separately, TheStreet raised shares of AMCON Distributing from a “c+” rating to a “b-” rating in a research note on Tuesday, April 19th.

An institutional investor recently raised its position in AMCON Distributing stock. CM Management LLC lifted its stake in shares of AMCON Distributing (NYSEAMERICAN:DITGet Rating) by 14.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,000 shares of the company’s stock after acquiring an additional 500 shares during the period. CM Management LLC owned 0.69% of AMCON Distributing worth $798,000 at the end of the most recent reporting period. Institutional investors own 9.43% of the company’s stock.

AMCON Distributing Company Profile (Get Rating)

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.

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