Short Interest in AMCON Distributing (NYSEAMERICAN:DIT) Rises By 175.0%

AMCON Distributing (NYSEAMERICAN:DIT) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 1,100 shares, an increase of 175.0% from the December 31st total of 400 shares. Based on an average trading volume of 200 shares, the short-interest ratio is presently 5.5 days. Currently, 0.6% of the company’s shares are sold short.

Institutional Trading of AMCON Distributing

An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC grew its stake in AMCON Distributing (NYSEAMERICAN:DIT) by 5.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,756 shares of the company’s stock after purchasing an additional 134 shares during the quarter. Empowered Funds LLC owned approximately 0.44% of AMCON Distributing worth $399,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 11.14% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on AMCON Distributing in a research note on Wednesday, January 15th. They issued a “hold” rating on the stock.

AMCON Distributing Stock Performance

Shares of DIT stock traded up $4.52 during trading on Wednesday, reaching $123.52. The company’s stock had a trading volume of 59 shares, compared to its average volume of 235. AMCON Distributing has a one year low of $117.00 and a one year high of $205.00. The firm has a market cap of $80.29 million, a PE ratio of 17.23 and a beta of 0.57. The company has a quick ratio of 0.91, a current ratio of 2.46 and a debt-to-equity ratio of 1.23.

AMCON Distributing (NYSEAMERICAN:DIT) last announced its earnings results on Friday, November 8th. The company reported $2.04 EPS for the quarter. AMCON Distributing had a net margin of 0.16% and a return on equity of 3.97%. The business had revenue of $746.29 million during the quarter.

AMCON Distributing Announces Dividend

The company also recently declared a special dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, December 30th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, December 30th. AMCON Distributing’s dividend payout ratio (DPR) is currently 10.04%.

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.