AMCON Distributing (NYSEAMERICAN:DIT) Short Interest Down 38.5% in May

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

AMCON Distributing Trading Down 4.2%

AMCON Distributing stock traded down $4.69 during trading hours on Monday, hitting $108.13. The stock had a trading volume of 32 shares, compared to its average volume of 288. The company has a quick ratio of 0.91, a current ratio of 2.46 and a debt-to-equity ratio of 1.23. The stock has a market cap of $70.28 million, a price-to-earnings ratio of 15.08 and a beta of 0.57. AMCON Distributing has a one year low of $99.87 and a one year high of $166.00. The business's 50 day simple moving average is $116.40 and its 200-day simple moving average is $127.26.

Wall Street Analyst Weigh In

Separately, Wall Street Zen started coverage on AMCON Distributing in a research report on Saturday, May 17th. They issued 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.