Short Interest in Alto Ingredients, Inc. (NASDAQ:ALTO) Decreases By 19.8%

Alto Ingredients, Inc. (NASDAQ:ALTO - Get Free Report) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 585,300 shares, a decrease of 19.8% from the November 30th total of 729,600 shares. Approximately 0.8% of the company's stock are sold short. Based on an average daily volume of 790,800 shares, the short-interest ratio is currently 0.7 days.

Alto Ingredients Stock Up 1.2 %

ALTO traded up $0.02 during trading on Friday, reaching $1.68. The stock had a trading volume of 383,438 shares, compared to its average volume of 609,397. The company has a current ratio of 3.22, a quick ratio of 2.15 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $128.77 million, a price-to-earnings ratio of -3.23 and a beta of 1.91. The stock's 50 day moving average is $1.54 and its two-hundred day moving average is $1.52. Alto Ingredients has a one year low of $1.18 and a one year high of $2.82.

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

Hedge Funds Weigh In On Alto Ingredients

Several large investors have recently made changes to their positions in ALTO. Virtu Financial LLC purchased a new stake in shares of Alto Ingredients in the third quarter worth $139,000. Barclays PLC boosted its stake in Alto Ingredients by 123.9% in the 3rd quarter. Barclays PLC now owns 76,703 shares of the company's stock worth $123,000 after purchasing an additional 42,450 shares in the last quarter. Jane Street Group LLC grew its position in Alto Ingredients by 101.2% during the 3rd 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. Corsair Capital Management L.P. bought a new stake in Alto Ingredients during the 3rd quarter valued at about $142,000. Finally, The Manufacturers Life Insurance Company increased its stake in Alto Ingredients by 5.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 370,852 shares of the company's stock valued at $597,000 after purchasing an additional 19,104 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

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.