Alto Ingredients, Inc. (NASDAQ:ALTO) Short Interest Down 25.0% in November

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

Institutional Trading of Alto Ingredients

Several large investors have recently added to or reduced their stakes in ALTO. Virtu Financial LLC purchased a new stake in shares of Alto Ingredients in the 3rd quarter worth $139,000. 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 acquiring an additional 42,450 shares during the period. Jane Street Group LLC lifted its holdings in Alto Ingredients by 101.2% during 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 in the last quarter. Corsair Capital Management L.P. bought a new position in shares of Alto Ingredients in the third quarter worth approximately $142,000. Finally, The Manufacturers Life Insurance Company increased 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 worth $597,000 after purchasing an additional 19,104 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Alto Ingredients Stock Performance

Shares of NASDAQ ALTO traded down $0.01 during trading on Friday, reaching $1.48. 311,180 shares of the company traded hands, compared to its average volume of 601,571. The firm has a 50 day simple moving average of $1.57 and a 200-day simple moving average of $1.51. Alto Ingredients has a 52-week low of $1.18 and a 52-week high of $3.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.15 and a current ratio of 3.22.

Alto Ingredients (NASDAQ:ALTO) last posted its earnings results on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $251.81 million during the quarter, compared to the consensus estimate of $274.94 million. During the same period last year, the firm posted ($0.05) EPS. On average, analysts predict that Alto Ingredients will post -0.37 earnings per share for the current year.

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.