Amcon Distributing Company (NYSEMKT:DIT) Short Interest Increased By 42.86%

The stock of Amcon Distributing Company (NYSEMKT:DIT) registered an increase of 42.86% in short interest. DIT’s total short interest was 1,000 shares in April as published by FINRA. Its up 42.86% from 700 shares, reported previously. With 300 shares average volume, it will take short sellers 3 days to cover their DIT’s short positions. The short interest to Amcon Distributing Company’s float is 0.29%. The stock decreased 0.12% or $0.1 on April 6, hitting $81.5. AMCON Distributing Co. (NYSEMKT:DIT) has declined 4.30% since August 31, 2015 and is downtrending. It has underperformed by 9.09% the S&P500.

AMCON Distributing Company is wholesale distributor of consumer products. The company has a market cap of $50.46 million. The Firm operates in two divisions, such as wholesale distribution segment (Wholesale Segment) and retail health food segment (Retail Segment). It has 9.87 P/E ratio. The Company’s Wholesale Segment distributes consumer products in the Central, Rocky Mountain, and Southern regions of the United States.

The institutional sentiment decreased to 1.25 in Q3 2015. Its down 0.42, from 1.67 in 2015Q2. The ratio is negative, as 2 funds sold all AMCON Distributing Co. shares owned while 2 reduced positions. 3 funds bought stakes while 2 increased positions. They now own 79,276 shares or 5.96% more from 74,819 shares in 2015Q2.

Willis Investment Counsel holds 0.16% of its portfolio in AMCON Distributing Co. for 20,138 shares. Bridgeway Capital Management Inc owns 7,100 shares or 0.01% of their US portfolio. Moreover, Acadian Asset Management Llc has 0% invested in the company for 45 shares. The New Jersey-based Blackrock Investment Management Llc has invested 0% in the stock. Denali Advisors Llc, a California-based fund reported 25 shares.

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