Agencia Comercial Spirits Ltd. (NASDAQ:AGCC) Short Interest Up 585.3% in May

Agencia Comercial Spirits Ltd. (NASDAQ:AGCC) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 78,326 shares, an increase of 585.3% from the May 14th total of 11,430 shares. Based on an average daily trading volume, of 16,981 shares, the days-to-cover ratio is currently 4.6 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Trading of Agencia Comercial Spirits

An institutional investor recently bought a new position in Agencia Comercial Spirits stock. Geode Capital Management LLC acquired a new position in shares of Agencia Comercial Spirits Ltd. (NASDAQ:AGCC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 11,730 shares of the company’s stock, valued at approximately $114,000.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Agencia Comercial Spirits from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Agencia Comercial Spirits Stock Up 0.7%

Shares of AGCC stock traded up $0.10 during mid-day trading on Friday, hitting $14.64. The stock had a trading volume of 12,406 shares, compared to its average volume of 116,420. Agencia Comercial Spirits has a fifty-two week low of $3.66 and a fifty-two week high of $25.73. The company’s 50-day simple moving average is $17.18 and its 200-day simple moving average is $13.52.

Agencia Comercial Spirits (NASDAQ:AGCC) last issued its earnings results on Thursday, April 30th. The company reported $0.00 earnings per share (EPS) for the quarter. The business had revenue of $2.16 million for the quarter.

Agencia Comercial Spirits Company Profile

Agencia Comercial Spirits Ltd is an exempted company with limited liability incorporated under the laws of the Cayman Islands. As Agencia Comercial Spirits Ltd is a holding company with no material operations of its own, our operations are conducted through our indirect wholly owned operating subsidiary Agencia Comercial Co, Ltd (“Agencia Taiwan”) in Taiwan. Agencia Taiwan was formally registered and established in July 2020, and is committed to offering imported whiskies of world-class quality and excellent services to its clients.