Short Interest in Alto Ingredients, Inc. (NASDAQ:ALTO) Decreases By 25.0%

Alto Ingredients, Inc. (NASDAQ:ALTO) was the target of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 729,600 shares, a decrease of 25.0% from the November 15th total of 973,400 shares. Based on an average trading volume of 770,500 shares, the short-interest ratio is currently 0.9 days. Currently, 1.0% of the company’s shares are sold short.

Alto Ingredients Stock Performance

NASDAQ:ALTO opened at $1.46 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.15 and a current ratio of 3.22. Alto Ingredients has a fifty-two week low of $1.18 and a fifty-two week high of $3.00. The company has a 50 day simple moving average of $1.57 and a two-hundred day simple moving average of $1.51. The company has a market capitalization of $111.90 million, a PE ratio of -2.81 and a beta of 1.91.

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 net margin of 3.61% and a negative return on equity of 11.22%. The firm had revenue of $251.81 million during the quarter, compared to the consensus estimate of $274.94 million. During the same period in the prior year, the company posted ($0.05) earnings per share. Research analysts anticipate that Alto Ingredients will post -0.37 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Empowered Funds LLC raised its holdings in shares of Alto Ingredients by 5.4% during the third quarter. Empowered Funds LLC now owns 241,977 shares of the company’s stock valued at $390,000 after purchasing an additional 12,328 shares during the period. The Manufacturers Life Insurance Company increased its position in Alto Ingredients by 5.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 370,852 shares of the company’s stock valued at $597,000 after buying an additional 19,104 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Alto Ingredients by 137.7% in the 3rd 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 in the last quarter. Barclays PLC raised its stake in Alto Ingredients by 123.9% during the 3rd quarter. Barclays PLC now owns 76,703 shares of the company’s stock worth $123,000 after buying an additional 42,450 shares during the period. Finally, Virtu Financial LLC bought a new position in Alto Ingredients in the third quarter worth approximately $139,000. 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.