Short Interest Worth Watching: Is Amcon Distributing Company (NYSEMKT:DIT) a Buy? The Stock Reported more Sellers

December 1, 2016 - By kentuckypostne   ·   0 Comments

Short Interest Worth Watching: Is Amcon Distributing Company (NYSEMKT:DIT) a Buy? The Stock Reported more Sellers

The stock of Amcon Distributing Company (NYSEMKT:DIT) registered an increase of 50% in short interest. DIT’s total short interest was 300 shares in December as published by FINRA. Its up 50% from 200 shares, reported previously. With 1,000 shares average volume, it will take short sellers 0 days to cover their DIT’s short positions. The short interest to Amcon Distributing Company’s float is 0.11%. About 21 shares traded hands. AMCON Distributing Co. (NYSEMKT:DIT) has risen 10.92% since April 28, 2016 and is uptrending. It has outperformed by 5.00% the S&P500.

AMCON Distributing Company and its subsidiaries are engaged in the wholesale distribution of consumer products in the Central, Rocky Mountain, and Southern regions of the United States. The company has a market cap of $66.77 million. The Firm has two divisions: wholesale distribution segment (Wholesale segment) and retail health food segment (Retail Segment). It has a 11.51 P/E ratio. The Wholesale Segment offers retailers the ability to utilize manufacturer- and Company-sponsored sales and marketing programs, merchandising and product category management services.

Insitutional Activity: The institutional sentiment increased to 4 in Q2 2016. Its up 1.75, from 2.25 in 2016Q1. The ratio improved, as 2 funds sold all AMCON Distributing Co. shares owned while 2 reduced positions. 5 funds bought stakes while 4 increased positions. They now own 78,453 shares or 50.86% less from 159,662 shares in 2016Q1.
Bridgeway Cap Inc reported 7,100 shares or 0.01% of all its holdings. Moreover, Denali Advisors Ltd Limited Liability Company has 0% invested in AMCON Distributing Co. (NYSEMKT:DIT) for 25 shares. Federated Invsts Inc Pa accumulated 0% or 19 shares. Grt Cap Prns Llc, a Massachusetts-based fund reported 2,279 shares. Blackrock Fund Advsrs last reported 0% of its portfolio in the stock. Willis Invest Counsel has invested 0.16% of its portfolio in AMCON Distributing Co. (NYSEMKT:DIT). James Inv owns 320 shares or 0% of their US portfolio. Moreover, Renaissance Technology Limited Co has 0% invested in AMCON Distributing Co. (NYSEMKT:DIT) for 9,300 shares. Royal Bancshares Of Canada accumulated 2,500 shares or 0% of the stock. Acadian Asset Management Ltd Co owns 164 shares or 0% of their US portfolio. Blackrock Institutional Na has 0% invested in the company for 1,156 shares. Dimensional Fund Advisors Lp holds 0% of its portfolio in AMCON Distributing Co. (NYSEMKT:DIT) for 19,102 shares. Vanguard Gp Inc holds 0% of its portfolio in AMCON Distributing Co. (NYSEMKT:DIT) for 5,718 shares. Deutsche National Bank & Trust Ag last reported 0% of its portfolio in the stock. Blackrock Investment Ltd Liability holds 60 shares or 0% of its portfolio.

DIT Company Profile

AMCON Distributing Company (AMCON), incorporated on June 17, 1986, and its subsidiaries are engaged in the wholesale distribution of consumer products in the Central, Rocky Mountain, and Southern regions of the United States. The Firm has two divisions: wholesale distribution segment (Wholesale segment) and retail health food segment (Retail Segment). The Wholesale Segment offers retailers the ability to utilize manufacturer- and Company-sponsored sales and marketing programs, merchandising and product category management services. The Company’s Retail Segment has conventional, natural, gourmet and specialty food markets, mass and discount retailers, health food stores, dietary supplement retailers and drug stores, among others. The Company’s subsidiaries include The Healthy Edge, Inc, Chamberlin Natural Foods, Inc., Health Food Associates, Inc., Hawaiian Natural Water Co., Inc, Idaho Water 2009, Inc. and AMCON Acquisition Corporation, among others

More notable recent AMCON Distributing Co. (NYSEMKT:DIT) news were published by: Nasdaq.com which released: “AMCON Distributing Company (DIT) Ex-Dividend Date Scheduled for November 04, 2016” on November 03, 2016, also Businesswire.com with their article: “AMCON Distributing Company Announces $0.18 Quarterly Dividend and Common Stock …” published on October 25, 2016, Businesswire.com published: “AMCON Distributing Company Announces $0.18 Quarterly Dividend, Common Stock …” on July 27, 2016. More interesting news about AMCON Distributing Co. (NYSEMKT:DIT) were released by: Vendingmarketwatch.com and their article: “Amcon Distributing Co. Acquires LP Shanks Co. Inc. In Crossville, Tenn.” published on June 01, 2011 as well as Seekingalpha.com‘s news article titled: “Amcon Distributing Q4 Update – Retail Continues To Pressure Operations” with publication date: November 16, 2016.

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