AMCON Distributing (NYSEAMERICAN:DIT) Short Interest Update

AMCON Distributing (NYSEAMERICAN:DIT - Get Free Report) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 800 shares, a decrease of 38.5% from the April 30th total of 1,300 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average trading volume of 200 shares, the days-to-cover ratio is currently 4.0 days.

AMCON Distributing Stock Performance

Shares of NYSEAMERICAN:DIT traded up $4.27 during trading hours on Wednesday, hitting $108.27. The stock had a trading volume of 88 shares, compared to its average volume of 286. The stock's fifty day simple moving average is $115.88 and its 200 day simple moving average is $127.01. AMCON Distributing has a 1-year low of $99.87 and a 1-year high of $166.00. The firm has a market capitalization of $70.38 million, a price-to-earnings ratio of 15.10 and a beta of 0.57. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.91 and a current ratio of 2.46.

Analysts Set New Price Targets

Separately, Wall Street Zen initiated coverage on shares of AMCON Distributing in a research note on Saturday, May 17th. They issued a "hold" rating on the 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.