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

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

Alto Ingredients Trading Down 3.4 %

ALTO traded down $0.06 during trading on Monday, reaching $1.58. 224,305 shares of the stock traded hands, compared to its average volume of 651,881. The company has a quick ratio of 2.15, a current ratio of 3.22 and a debt-to-equity ratio of 0.32. The stock's 50-day moving average is $1.60 and its 200 day moving average is $1.56. Alto Ingredients has a 12 month low of $1.18 and a 12 month high of $2.40. The stock has a market capitalization of $120.72 million, a PE ratio of -3.03 and a beta of 1.86.

Alto Ingredients (NASDAQ:ALTO - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.06). Alto Ingredients had a negative net margin of 3.61% and a negative return on equity of 11.22%. The business had revenue of $251.81 million for the quarter, compared to the consensus estimate of $274.94 million. During the same quarter in the previous year, the company earned ($0.05) EPS. Equities analysts anticipate that Alto Ingredients will post -0.37 earnings per share for the current year.

Institutional Trading of Alto Ingredients

Several hedge funds have recently modified their holdings of ALTO. Empowered Funds LLC boosted its stake in Alto Ingredients by 4.9% during the fourth quarter. Empowered Funds LLC now owns 253,926 shares of the company's stock worth $396,000 after acquiring an additional 11,949 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Alto Ingredients by 5.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 370,852 shares of the company's stock valued at $597,000 after buying an additional 19,104 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in Alto Ingredients by 137.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 58,788 shares of the company's stock valued at $95,000 after buying an additional 34,061 shares in the last quarter. Barclays PLC raised its stake in Alto Ingredients by 123.9% during the 3rd quarter. Barclays PLC now owns 76,703 shares of the company's stock worth $123,000 after buying an additional 42,450 shares during the period. Finally, Virtu Financial LLC bought a new position in Alto Ingredients in the third quarter worth approximately $139,000. Institutional investors 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.