Alto Ingredients, Inc. (NASDAQ:ALTO) Short Interest Down 9.4% in December

Alto Ingredients, Inc. (NASDAQ:ALTO) saw a large decline in short interest in December. As of December 31st, there was short interest totalling 530,000 shares, a decline of 9.4% from the December 15th total of 585,300 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average trading volume of 852,900 shares, the short-interest ratio is currently 0.6 days.

Alto Ingredients Trading Up 9.7 %

Shares of NASDAQ:ALTO opened at $1.81 on Friday. The company has a market cap of $138.74 million, a PE ratio of -3.48 and a beta of 1.87. The company’s 50 day moving average is $1.51 and its two-hundred day moving average is $1.55. Alto Ingredients has a 52 week low of $1.18 and a 52 week high of $2.40. The company has a current ratio of 3.22, a quick ratio of 2.15 and a debt-to-equity ratio of 0.32.

Alto Ingredients (NASDAQ:ALTO) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share 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 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 quarter in the prior year, the business earned ($0.05) earnings per share. Equities analysts predict that Alto Ingredients will post -0.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Alto Ingredients

Several hedge funds and other institutional investors have recently made changes to their positions in ALTO. Renaissance Technologies LLC increased its stake in Alto Ingredients by 53.4% in the second quarter. Renaissance Technologies LLC now owns 1,677,121 shares of the company’s stock valued at $2,423,000 after purchasing an additional 583,967 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Alto Ingredients by 101.2% in the 3rd quarter. Jane Street Group LLC now owns 289,604 shares of the company’s stock valued at $466,000 after buying an additional 145,687 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Alto Ingredients in the 2nd quarter valued at $202,000. Marquette Asset Management LLC acquired a new stake in Alto Ingredients during the 4th quarter worth $213,000. Finally, GSA Capital Partners LLP lifted its position in Alto Ingredients by 100.5% in the third quarter. GSA Capital Partners LLP now owns 247,676 shares of the company’s stock valued at $399,000 after acquiring an additional 124,163 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

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.