Alto Ingredients, Inc. (NASDAQ:ALTO) Sees Large Drop in Short Interest

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

Institutional Investors Weigh In On Alto Ingredients

A number of hedge funds and other institutional investors have recently bought and sold shares of ALTO. Peapod Lane Capital LLC purchased a new stake in Alto Ingredients in the fourth quarter worth about $1,465,000. Jane Street Group LLC lifted its stake in shares of Alto Ingredients by 101.2% in the third quarter. Jane Street Group LLC now owns 289,604 shares of the company’s stock worth $466,000 after buying an additional 145,687 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Alto Ingredients in the second quarter worth approximately $202,000. Marquette Asset Management LLC bought a new position in shares of Alto Ingredients in the fourth quarter worth approximately $213,000. Finally, GSA Capital Partners LLP lifted its stake in shares of Alto Ingredients by 100.5% in the third quarter. GSA Capital Partners LLP now owns 247,676 shares of the company’s stock worth $399,000 after buying an additional 124,163 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Alto Ingredients Price Performance

Shares of NASDAQ ALTO opened at $1.64 on Friday. Alto Ingredients has a 1 year low of $1.18 and a 1 year high of $2.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.22 and a quick ratio of 2.15. The company’s 50-day moving average is $1.59 and its 200 day moving average is $1.56. The stock has a market capitalization of $125.71 million, a P/E ratio of -3.15 and a beta of 1.87.

Alto Ingredients (NASDAQ:ALTO) last announced its quarterly earnings data 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). The business had revenue of $251.81 million during the quarter, compared to analysts’ expectations of $274.94 million. Alto Ingredients had a negative return on equity of 11.22% and a negative net margin of 3.61%. During the same quarter last year, the company posted ($0.05) EPS. On average, sell-side analysts expect that Alto Ingredients will post -0.37 earnings per share for the current 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.