Alto Ingredients, Inc. (NASDAQ:ALTO) Short Interest Up 28.4% in February

Alto Ingredients, Inc. (NASDAQ:ALTO) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 882,000 shares, an increase of 28.4% from the February 13th total of 687,000 shares. Based on an average daily volume of 683,800 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.2% of the shares of the stock are short sold.

Alto Ingredients Stock Up 3.8 %

ALTO opened at $1.37 on Tuesday. The business’s fifty day moving average is $1.60 and its two-hundred day moving average is $1.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.15 and a current ratio of 3.22. The company has a market cap of $105.01 million, a price-to-earnings ratio of -2.63 and a beta of 1.73. Alto Ingredients has a one year low of $1.18 and a one year high of $2.40.

Analyst Ratings Changes

Separately, HC Wainwright reiterated a “buy” rating and set a $5.50 target price on shares of Alto Ingredients in a research report on Thursday, March 6th.

Institutional Trading of Alto Ingredients

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in Alto Ingredients by 78.6% during the fourth quarter. JPMorgan Chase & Co. now owns 18,109 shares of the company’s stock worth $28,000 after purchasing an additional 7,968 shares in the last quarter. Two Sigma Securities LLC purchased a new stake in shares of Alto Ingredients in the fourth quarter valued at $50,000. SBI Securities Co. Ltd. purchased a new stake in shares of Alto Ingredients in the fourth quarter valued at $54,000. XTX Topco Ltd purchased a new stake in shares of Alto Ingredients in the fourth quarter valued at $94,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position 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 valued at $95,000 after acquiring an additional 34,061 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other 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.