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

Agencia Comercial Spirits Ltd. (NASDAQ:AGCC) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 78,326 shares, a growth 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 currently 4.6 days. Currently, 0.2% of the company’s shares are sold short.

Agencia Comercial Spirits Stock Performance

Shares of Agencia Comercial Spirits stock opened at $15.20 on Wednesday. The business has a 50-day moving average of $17.19 and a 200 day moving average of $13.40. Agencia Comercial Spirits has a 12 month low of $3.66 and a 12 month high of $25.73.

Agencia Comercial Spirits (NASDAQ:AGCC) last posted its quarterly 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

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

Wall Street Analyst Weigh In

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, According to MarketBeat, Agencia Comercial Spirits currently has a consensus rating of “Sell”.

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.