Short Interest in Alto Ingredients, Inc. (NASDAQ:ALTO) Decreases By 19.8%

Alto Ingredients, Inc. (NASDAQ:ALTO) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 585,300 shares, a decline of 19.8% from the November 30th total of 729,600 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average trading volume of 790,800 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of Alto Ingredients

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

Alto Ingredients Trading Down 8.9 %

ALTO opened at $1.53 on Tuesday. The stock has a market capitalization of $117.27 million, a price-to-earnings ratio of -2.94 and a beta of 1.91. The company has a quick ratio of 2.15, a current ratio of 3.22 and a debt-to-equity ratio of 0.32. Alto Ingredients has a twelve month low of $1.18 and a twelve month high of $2.80. The company has a 50-day simple moving average of $1.54 and a 200 day simple moving average of $1.52.

Alto Ingredients (NASDAQ:ALTO) last announced its quarterly earnings data 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 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 last year, the business earned ($0.05) earnings per share. Analysts predict that Alto Ingredients will post -0.37 EPS for the current fiscal 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.