Short Interest in Alto Ingredients, Inc. (NASDAQ:ALTO) Declines By 9.4%

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC lifted its stake in Alto Ingredients by 101.2% in the third quarter. Jane Street Group LLC now owns 289,604 shares of the company's stock valued at $466,000 after purchasing an additional 145,687 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Alto Ingredients by 5.4% in the third 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. Barclays PLC lifted its position in shares of Alto Ingredients by 123.9% during the 3rd quarter. Barclays PLC now owns 76,703 shares of the company's stock valued at $123,000 after buying an additional 42,450 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Alto Ingredients by 53.4% during the 2nd 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 during the period. Finally, GSA Capital Partners LLP increased its holdings in Alto Ingredients by 100.5% in the 3rd quarter. GSA Capital Partners LLP now owns 247,676 shares of the company's stock worth $399,000 after acquiring an additional 124,163 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Alto Ingredients Stock Performance

Shares of NASDAQ ALTO traded up $0.04 during midday trading on Friday, reaching $1.85. The company's stock had a trading volume of 1,224,591 shares, compared to its average volume of 816,081. The stock has a market capitalization of $141.80 million, a P/E ratio of -3.56 and a beta of 1.87. 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 firm has a 50 day moving average price of $1.52 and a 200-day moving average price of $1.55. Alto Ingredients has a 12-month low of $1.18 and a 12-month high of $2.40.

Alto Ingredients (NASDAQ:ALTO - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) 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 the consensus estimate 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 last year, the company earned ($0.05) EPS. As a group, equities analysts predict that Alto Ingredients will post -0.37 earnings per share for the current year.

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.