Short Interest in Alto Ingredients, Inc. (NASDAQ:ALTO) Drops By 9.4%

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

Alto Ingredients Stock Performance

ALTO stock traded up $0.04 during mid-day trading on Friday, reaching $1.85. 1,224,591 shares of the stock traded hands, compared to its average volume of 648,874. The stock’s fifty day moving average is $1.53 and its 200-day moving average is $1.55. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.22 and a quick ratio of 2.15. Alto Ingredients has a 52-week low of $1.18 and a 52-week high of $2.40.

Alto Ingredients (NASDAQ:ALTO) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $251.81 million during the quarter, compared to analyst estimates of $274.94 million. During the same period in the prior year, the business posted ($0.05) EPS. On average, research analysts expect that Alto Ingredients will post -0.37 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. grew its stake in Alto Ingredients by 137.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 58,788 shares of the company’s stock valued at $95,000 after acquiring an additional 34,061 shares in the last quarter. Barclays PLC boosted its holdings in shares of Alto Ingredients by 123.9% during the third quarter. Barclays PLC now owns 76,703 shares of the company’s stock worth $123,000 after purchasing an additional 42,450 shares during the period. Virtu Financial LLC purchased a new position in Alto Ingredients during the third quarter valued at approximately $139,000. Corsair Capital Management L.P. purchased a new stake in Alto Ingredients in the 3rd quarter worth approximately $142,000. Finally, Marshall Wace LLP purchased a new stake in Alto Ingredients in the 2nd quarter worth approximately $202,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Alto Ingredients Company Profile

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.