Alto Ingredients, Inc. (NASDAQ:ALTO) Sees Significant Drop in Short Interest

Alto Ingredients, Inc. (NASDAQ:ALTO - Get Free Report) was the target of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 729,600 shares, a decline of 25.0% from the November 15th total of 973,400 shares. Based on an average trading volume of 770,500 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ALTO. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Alto Ingredients by 137.7% in the third 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 holdings in Alto Ingredients by 123.9% in the 3rd quarter. Barclays PLC now owns 76,703 shares of the company's stock valued at $123,000 after acquiring an additional 42,450 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Alto Ingredients during the 3rd quarter valued at $139,000. Corsair Capital Management L.P. acquired a new stake in shares of Alto Ingredients during the 3rd quarter worth $142,000. Finally, Marshall Wace LLP bought a new position in shares of Alto Ingredients in the second quarter worth $202,000. Institutional investors own 42.44% of the company's stock.

Alto Ingredients Stock Performance

Shares of NASDAQ ALTO traded down $0.02 during mid-day trading on Friday, reaching $1.46. 417,083 shares of the company were exchanged, compared to its average volume of 602,075. Alto Ingredients has a twelve month low of $1.18 and a twelve month high of $3.00. The stock has a market capitalization of $111.90 million, a P/E ratio of -2.81 and a beta of 1.91. The company's 50-day simple moving average is $1.57 and its 200-day simple moving average is $1.51. 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 - Get Free Report) last posted 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). The firm had revenue of $251.81 million during 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 period in the previous year, the company posted ($0.05) EPS. As a group, research 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.