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

Agencia Comercial Spirits Ltd. (NASDAQ:AGCC) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 14,240 shares, a decline of 88.4% from the April 15th total of 122,288 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 104,918 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings initiated coverage on shares of Agencia Comercial Spirits in a report on Friday, January 16th. They issued a “sell (e-)” rating for the company. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Agencia Comercial Spirits Stock Performance

AGCC stock traded up $0.36 during mid-day trading on Wednesday, reaching $19.62. The company had a trading volume of 6,608 shares, compared to its average volume of 136,927. Agencia Comercial Spirits has a one year low of $3.66 and a one year high of $25.73. The business has a 50-day moving average price of $16.69.

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

Institutional Investors Weigh In On Agencia Comercial Spirits

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

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.