Alico, Inc. (NASDAQ:ALCO) Short Interest Down 9.4% in November

Alico, Inc. (NASDAQ:ALCO - Get Free Report) saw a large decline in short interest in November. As of November 30th, there was short interest totalling 211,100 shares, a decline of 9.4% from the November 15th total of 233,000 shares. Based on an average daily volume of 31,300 shares, the days-to-cover ratio is presently 6.7 days. Currently, 4.0% of the shares of the company are short sold.

Alico Price Performance

Alico stock traded down $0.75 during midday trading on Friday, reaching $25.87. The company's stock had a trading volume of 21,554 shares, compared to its average volume of 27,331. The firm has a market capitalization of $197.39 million, a PE ratio of 28.12 and a beta of 0.80. Alico has a fifty-two week low of $24.14 and a fifty-two week high of $31.00. The stock's 50 day simple moving average is $26.07 and its 200 day simple moving average is $26.81. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.99 and a current ratio of 3.81.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Alico to a "sell" rating in a research note on Thursday, August 29th.

Hedge Funds Weigh In On Alico

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Alico by 57.0% during the first quarter. Vanguard Group Inc. now owns 160,913 shares of the company's stock worth $4,712,000 after purchasing an additional 58,428 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Alico by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 15,797 shares of the company's stock worth $442,000 after buying an additional 804 shares during the last quarter. Acuitas Investments LLC boosted its position in shares of Alico by 19.3% in the 2nd quarter. Acuitas Investments LLC now owns 88,513 shares of the company's stock worth $2,293,000 after buying an additional 14,291 shares in the last quarter. CM Management LLC grew its stake in Alico by 4.7% in the 2nd quarter. CM Management LLC now owns 225,000 shares of the company's stock valued at $5,830,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC increased its holdings in Alico by 2.1% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 206,504 shares of the company's stock valued at $5,351,000 after acquiring an additional 4,231 shares in the last quarter. Hedge funds and other institutional investors own 62.28% of the company's stock.

About Alico

Alico, Inc, together with its subsidiaries, operates as an agribusiness and land management company in the United States. The company operates in two segments, Alico Citrus, and Land Management and Other Operations. The Alico Citrus segment engages in planting, owning, cultivating, and/or managing citrus groves to produce fruit for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which include contracting for the harvesting, marketing, and hauling of citrus.