Alto Ingredients, Inc. (NASDAQ:ALTO) Sees Significant Decrease in Short Interest

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

Alto Ingredients Price Performance

ALTO stock opened at $1.81 on Friday. The company has a current ratio of 3.22, a quick ratio of 2.15 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $138.74 million, a P/E ratio of -3.48 and a beta of 1.87. The business has a 50 day simple moving average of $1.51 and a 200-day simple moving average of $1.55. Alto Ingredients has a twelve month low of $1.18 and a twelve month high of $2.40.

Alto Ingredients (NASDAQ:ALTO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share 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 business 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 company earned ($0.05) EPS. As a group, equities analysts anticipate that Alto Ingredients will post -0.37 EPS for the current year.

Institutional Investors Weigh In On Alto Ingredients

Several hedge funds have recently made changes to their positions in the business. Marquette Asset Management LLC purchased a new stake in Alto Ingredients during the 4th quarter valued at approximately $213,000. Virtu Financial LLC purchased a new position in shares of Alto Ingredients in the 3rd quarter valued at approximately $139,000. Barclays PLC increased its holdings in shares of Alto Ingredients by 123.9% in the third quarter. Barclays PLC now owns 76,703 shares of the company’s stock valued at $123,000 after purchasing an additional 42,450 shares during the period. Jane Street Group LLC raised its stake in shares of Alto Ingredients by 101.2% during the third quarter. Jane Street Group LLC now owns 289,604 shares of the company’s stock worth $466,000 after purchasing an additional 145,687 shares during the last quarter. Finally, Corsair Capital Management L.P. acquired a new stake in shares of Alto Ingredients during the third quarter worth $142,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

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.