Alto Ingredients, Inc. (NASDAQ:ALTO) Short Interest Update

Alto Ingredients, Inc. (NASDAQ:ALTO) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totalling 530,000 shares, a decrease of 9.4% from the December 15th total of 585,300 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 852,900 shares, the short-interest ratio is presently 0.6 days.

Alto Ingredients Price Performance

Alto Ingredients stock traded up $0.04 during trading hours on Friday, hitting $1.85. 1,224,591 shares of the company traded hands, compared to its average volume of 648,874. The firm’s 50-day simple moving average is $1.53 and its two-hundred day simple moving average is $1.55. Alto Ingredients has a 1-year low of $1.18 and a 1-year high of $2.40. The company has a quick ratio of 2.15, a current ratio of 3.22 and a debt-to-equity ratio of 0.32.

Alto Ingredients (NASDAQ:ALTO) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06). The company had revenue of $251.81 million for the quarter, compared to analyst estimates of $274.94 million. Alto Ingredients had a negative net margin of 3.61% and a negative return on equity of 11.22%. During the same quarter in the prior year, the business earned ($0.05) EPS. On average, sell-side analysts predict that Alto Ingredients will post -0.37 EPS for the current fiscal year.

Institutional Trading of Alto Ingredients

Several institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC raised its position in Alto Ingredients by 53.4% in the second quarter. Renaissance Technologies LLC now owns 1,677,121 shares of the company’s stock worth $2,423,000 after acquiring an additional 583,967 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Alto Ingredients in the 2nd quarter worth approximately $202,000. The Manufacturers Life Insurance Company raised its holdings in shares of Alto Ingredients by 48.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 351,748 shares of the company’s stock worth $508,000 after purchasing an additional 114,571 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its stake in Alto Ingredients by 9.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,125,552 shares of the company’s stock valued at $1,812,000 after purchasing an additional 93,054 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in Alto Ingredients by 100.5% during 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. Institutional investors and hedge funds own 42.44% of the company’s stock.

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.