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

Alto Ingredients, Inc. (NASDAQ:ALTO) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 530,000 shares, a decrease of 9.4% from the December 15th total of 585,300 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average trading volume of 852,900 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Alto Ingredients

Institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its holdings 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. Jane Street Group LLC grew 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 worth $466,000 after purchasing an additional 145,687 shares during the period. Marshall Wace LLP bought a new position in Alto Ingredients in the second quarter worth $202,000. Marquette Asset Management LLC bought a new position in Alto Ingredients in the fourth quarter worth $213,000. Finally, GSA Capital Partners LLP lifted its position in Alto Ingredients by 100.5% during the third quarter. GSA Capital Partners LLP now owns 247,676 shares of the company’s stock valued at $399,000 after buying an additional 124,163 shares during the period. 42.44% of the stock is owned by institutional investors.

Alto Ingredients Stock Performance

ALTO stock opened at $1.85 on Friday. The firm’s fifty day moving average is $1.53 and its 200 day moving average is $1.55. 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 has a 52 week low of $1.18 and a 52 week high of $2.40.

Alto Ingredients (NASDAQ:ALTO) last announced its quarterly 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 business had revenue of $251.81 million during the quarter, compared to analysts’ expectations of $274.94 million. During the same period in the previous year, the business earned ($0.05) EPS. On average, sell-side analysts forecast that Alto Ingredients will post -0.37 EPS for the current fiscal 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.