Alto Ingredients, Inc. (NASDAQ:ALTO) Short Interest Update

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

Institutional Trading of Alto Ingredients

Large investors have recently bought and sold shares of the stock. Panagora Asset Management Inc. acquired a new position in Alto Ingredients in the second quarter valued at approximately $400,000. Renaissance Technologies LLC grew its stake in shares of Alto Ingredients by 53.4% during the second quarter. Renaissance Technologies LLC now owns 1,677,121 shares of the company’s stock worth $2,423,000 after purchasing an additional 583,967 shares during the period. Marshall Wace LLP acquired a new position in Alto Ingredients in the second quarter valued at about $202,000. The Manufacturers Life Insurance Company grew its position in shares of Alto Ingredients by 48.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 351,748 shares of the company’s stock worth $508,000 after buying an additional 114,571 shares during the period. Finally, Creative Financial Designs Inc. ADV raised its position in shares of Alto Ingredients by 9.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,125,552 shares of the company’s stock valued at $1,812,000 after acquiring an additional 93,054 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Alto Ingredients Stock Down 7.7 %

Shares of NASDAQ:ALTO traded down $0.13 during trading on Monday, reaching $1.55. 282,524 shares of the company traded hands, compared to its average volume of 608,053. The firm has a fifty day simple moving average of $1.54 and a 200 day simple moving average of $1.52. 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 1-year low of $1.18 and a 1-year high of $2.80. The firm has a market cap of $118.80 million, a P/E ratio of -2.98 and a beta of 1.91.

Alto Ingredients (NASDAQ:ALTO) last issued its earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share 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 return on equity of 11.22% and a negative net margin of 3.61%. During the same period in the previous year, the company earned ($0.05) earnings per share. Analysts anticipate that Alto Ingredients will post -0.37 earnings per share for the current fiscal 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.