Alto Ingredients, Inc. (NASDAQ:ALTO) Sees Large Drop in Short Interest

Alto Ingredients, Inc. (NASDAQ:ALTO) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 530,000 shares, a drop of 9.4% from the December 15th total of 585,300 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 852,900 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of Alto Ingredients

Institutional investors and hedge funds have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Alto Ingredients by 137.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 58,788 shares of the company’s stock valued at $95,000 after buying an additional 34,061 shares during the last quarter. Barclays PLC lifted its position in Alto Ingredients by 123.9% in the 3rd quarter. Barclays PLC now owns 76,703 shares of the company’s stock valued at $123,000 after acquiring an additional 42,450 shares in the last quarter. Virtu Financial LLC purchased a new stake in Alto Ingredients during the 3rd quarter valued at $139,000. Corsair Capital Management L.P. bought a new stake in shares of Alto Ingredients in the 3rd quarter worth $142,000. Finally, Marquette Asset Management LLC purchased a new position in shares of Alto Ingredients in the fourth quarter worth $213,000. 42.44% of the stock is currently owned by institutional investors.

Alto Ingredients Stock Up 2.2 %

Shares of ALTO opened at $1.85 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.22 and a quick ratio of 2.15. The business’s 50 day moving average price is $1.53 and its 200-day moving average price is $1.55. Alto Ingredients has a 52 week low of $1.18 and a 52 week high of $2.40.

Alto Ingredients (NASDAQ:ALTO) last released its earnings results on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.06). Alto Ingredients had a negative return on equity of 11.22% and a negative net margin of 3.61%. The company had revenue of $251.81 million during the quarter, compared to the consensus estimate of $274.94 million. During the same period last year, the firm posted ($0.05) earnings per share. On average, equities analysts predict that Alto Ingredients will post -0.37 earnings per share for the current year.

About Alto Ingredients

Alto Ingredients, Inc produces, distributes, and markets specialty alcohols, renewable fuel, and essential ingredients in the United States. The company operates in three segments: Marketing and Distribution, Pekin Campus Production, and Western Production. It offers specialty alcohols used in mouthwash, cosmetics, pharmaceuticals, hand sanitizers, disinfectants, and cleaners for health, home, and beauty markets; grain neutral spirits used in alcoholic beverages and vinegar, as well as corn germ used in corn oils in the food and beverage markets; alcohols and other products for paint applications and fertilizers in the industrial and agriculture markets; and essential ingredients include dried yeast, corn protein meal, corn protein feed, distiller's grains, and liquid feed for commercial animal feed and pet food applications, as well as yeast for human consumption.