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

Agencia Comercial Spirits Ltd. (NASDAQ:AGCC) saw a large 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. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 16,981 shares, the days-to-cover ratio is currently 4.6 days.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Agencia Comercial Spirits from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Hedge Funds Weigh In On Agencia Comercial Spirits

A hedge fund recently bought a new stake in Agencia Comercial Spirits stock. Geode Capital Management LLC bought a new stake in shares of Agencia Comercial Spirits Ltd. (NASDAQ:AGCC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,730 shares of the company’s stock, valued at approximately $114,000.

Agencia Comercial Spirits Trading Up 2.0%

NASDAQ AGCC opened at $15.20 on Wednesday. Agencia Comercial Spirits has a twelve month low of $3.66 and a twelve month high of $25.73. The stock has a fifty day simple moving average of $17.19 and a 200-day simple moving average of $13.40.

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

About Agencia Comercial Spirits

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.