Agencia Comercial Spirits Ltd. (NASDAQ:AGCC) Sees Large Increase in Short Interest

Agencia Comercial Spirits Ltd. (NASDAQ:AGCCGet Free Report) was the recipient of a significant increase in short interest in 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 trading volume of 16,981 shares, the days-to-cover ratio is presently 4.6 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

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

Agencia Comercial Spirits Stock Up 0.1%

Shares of AGCC traded up $0.02 during mid-day trading on Thursday, hitting $15.06. The company’s stock had a trading volume of 5,408 shares, compared to its average volume of 117,108. The stock’s 50-day moving average is $17.19 and its two-hundred day moving average is $13.46. Agencia Comercial Spirits has a one year low of $3.66 and a one year high of $25.73.

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

Analyst Upgrades and Downgrades

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

View Our Latest Stock Analysis on AGCC

Agencia Comercial Spirits Company Profile

(Get Free Report)

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.

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