Alto Ingredients, Inc. (NASDAQ:ALTO) Short Interest Down 9.4% in January

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

Institutional Trading of Alto Ingredients

Several institutional investors have recently added to or reduced their stakes in the stock. Peapod Lane Capital LLC purchased a new position in shares of Alto Ingredients in the fourth quarter valued at approximately $1,465,000. Empowered Funds LLC raised its stake in shares of Alto Ingredients by 4.9% in the fourth quarter. Empowered Funds LLC now owns 253,926 shares of the company’s stock valued at $396,000 after acquiring an additional 11,949 shares in the last quarter. Marquette Asset Management LLC acquired a new position in Alto Ingredients during the 4th quarter worth $213,000. Virtu Financial LLC purchased a new stake in Alto Ingredients during the 3rd quarter worth about $139,000. Finally, Barclays PLC boosted its stake in shares of 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 buying an additional 42,450 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Alto Ingredients Price Performance

Shares of NASDAQ:ALTO traded down $0.01 during midday trading on Friday, hitting $1.63. The company had a trading volume of 232,959 shares, compared to its average volume of 649,756. 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 simple moving average is $1.60 and its 200-day simple moving average is $1.56. The stock has a market cap of $124.94 million, a price-to-earnings ratio of -3.13 and a beta of 1.87. Alto Ingredients has a twelve month low of $1.18 and a twelve month high of $2.40.

Alto Ingredients (NASDAQ:ALTO) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share (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 for the quarter, compared to analyst estimates of $274.94 million. During the same quarter in the prior year, the business earned ($0.05) EPS. On average, research analysts predict that Alto Ingredients will post -0.37 earnings per share for the current year.

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.