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

Alto Ingredients, Inc. (NASDAQ:ALTO) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 882,000 shares, an increase of 28.4% from the February 13th total of 687,000 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 683,800 shares, the days-to-cover ratio is currently 1.3 days.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a “buy” rating and set a $5.50 price objective on shares of Alto Ingredients in a report on Thursday, March 6th.

Alto Ingredients Stock Performance

Shares of ALTO stock opened at $1.32 on Monday. The company has a market capitalization of $101.17 million, a P/E ratio of -2.54 and a beta of 1.73. Alto Ingredients has a 12-month low of $1.18 and a 12-month high of $2.40. The company has a quick ratio of 2.15, a current ratio of 3.22 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $1.61 and a 200 day moving average price of $1.58.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP grew its position in Alto Ingredients by 100.5% during the 3rd quarter. GSA Capital Partners LLP now owns 247,676 shares of the company’s stock worth $399,000 after acquiring an additional 124,163 shares during the last quarter. Empowered Funds LLC boosted its stake in Alto Ingredients by 5.4% in the third quarter. Empowered Funds LLC now owns 241,977 shares of the company’s stock worth $390,000 after purchasing an additional 12,328 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Alto Ingredients by 137.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 58,788 shares of the company’s stock worth $95,000 after purchasing an additional 34,061 shares during the last quarter. 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 valued at $597,000 after buying an additional 19,104 shares in the last quarter. Finally, Corsair Capital Management L.P. acquired a new position in Alto Ingredients during the 3rd quarter worth about $142,000. Institutional investors own 42.44% of the company’s stock.

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.