Alto Ingredients, Inc. (NASDAQ:ALTO) Short Interest Down 25.1% in August

Alto Ingredients, Inc. (NASDAQ:ALTO) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totalling 861,000 shares, a decline of 25.1% from the August 15th total of 1,150,000 shares. Based on an average daily volume of 448,500 shares, the short-interest ratio is presently 1.9 days. Approximately 1.2% of the company’s shares are short sold.

Alto Ingredients Stock Up 7.7 %

Shares of ALTO traded up $0.11 during mid-day trading on Friday, reaching $1.54. The company had a trading volume of 564,012 shares, compared to its average volume of 537,126. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.09 and a current ratio of 3.09. The company has a market capitalization of $116.57 million, a price-to-earnings ratio of -4.05 and a beta of 1.97. The firm has a 50-day moving average price of $1.48 and a 200 day moving average price of $1.68. Alto Ingredients has a 52 week low of $1.28 and a 52 week high of $4.98.

Alto Ingredients (NASDAQ:ALTO) last released its earnings results on Tuesday, August 6th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.06. Alto Ingredients had a negative return on equity of 11.26% and a negative net margin of 3.49%. The business had revenue of $236.47 million for the quarter, compared to the consensus estimate of $236.17 million. During the same period in the previous year, the company posted $0.10 earnings per share. On average, sell-side analysts forecast that Alto Ingredients will post -0.04 EPS for the current year.

Analysts Set New Price Targets

Separately, HC Wainwright restated a “buy” rating and set a $5.50 price target on shares of Alto Ingredients in a research report on Wednesday, August 7th.

Institutional Trading of Alto Ingredients

A number of institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of Alto Ingredients during the first quarter valued at approximately $62,000. Virtu Financial LLC bought a new stake in shares of Alto Ingredients in the 1st quarter worth $68,000. Aigen Investment Management LP purchased a new position in shares of Alto Ingredients in the fourth quarter worth $135,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Alto Ingredients during the first quarter valued at $131,000. Finally, Empowered Funds LLC purchased a new stake in shares of Alto Ingredients during the first quarter valued at $286,000. 42.44% of the stock is currently owned by institutional investors.

About Alto Ingredients

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.