Alico, Inc. (NASDAQ:ALCO) Short Interest Update

Alico, Inc. (NASDAQ:ALCO) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 211,100 shares, a drop of 9.4% from the November 15th total of 233,000 shares. Approximately 4.0% of the company’s shares are sold short. Based on an average daily trading volume, of 31,300 shares, the days-to-cover ratio is presently 6.7 days.

Alico Stock Down 2.8 %

Shares of NASDAQ ALCO opened at $25.87 on Friday. Alico has a 52-week low of $24.14 and a 52-week high of $31.00. The business’s 50 day moving average is $26.07 and its two-hundred day moving average is $26.80. The firm has a market cap of $197.39 million, a price-to-earnings ratio of 28.12 and a beta of 0.80. The company has a quick ratio of 0.99, a current ratio of 3.81 and a debt-to-equity ratio of 0.35.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Alico to a “sell” rating in a research note on Thursday, August 29th.

Institutional Investors Weigh In On Alico

Institutional investors and hedge funds have recently modified their holdings of the company. Harbor Advisors LLC acquired a new position in Alico in the 3rd quarter valued at about $215,000. Barclays PLC boosted its stake in shares of Alico by 229.2% in the third quarter. Barclays PLC now owns 9,336 shares of the company’s stock valued at $261,000 after purchasing an additional 6,500 shares during the period. Empowered Funds LLC grew its holdings in shares of Alico by 5.4% in the third quarter. Empowered Funds LLC now owns 15,797 shares of the company’s stock valued at $442,000 after purchasing an additional 804 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Alico by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,185 shares of the company’s stock worth $537,000 after buying an additional 700 shares during the period. Finally, Accordant Advisory Group Inc lifted its holdings in Alico by 49.6% during the 3rd quarter. Accordant Advisory Group Inc now owns 24,657 shares of the company’s stock worth $690,000 after buying an additional 8,176 shares in the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

About Alico

Alico, Inc, together with its subsidiaries, operates as an agribusiness and land management company in the United States. The company operates in two segments, Alico Citrus, and Land Management and Other Operations. The Alico Citrus segment engages in planting, owning, cultivating, and/or managing citrus groves to produce fruit for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which include contracting for the harvesting, marketing, and hauling of citrus.