Alto Ingredients, Inc. (NASDAQ:ALTO) Short Interest Up 11.1% in July

Alto Ingredients, Inc. (NASDAQ:ALTO) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 909,400 shares, an increase of 11.1% from the July 15th total of 818,800 shares. Based on an average daily trading volume, of 441,000 shares, the days-to-cover ratio is presently 2.1 days. Approximately 1.3% of the shares of the company are sold short.

Alto Ingredients Price Performance

Alto Ingredients stock remained flat at $1.43 during trading hours on Friday. The company’s stock had a trading volume of 180,071 shares, compared to its average volume of 547,523. The company’s fifty day simple moving average is $1.46 and its 200-day simple moving average is $1.77. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.97 and a current ratio of 2.74. Alto Ingredients has a 12-month low of $1.28 and a 12-month high of $4.98. The stock has a market cap of $108.25 million, a P/E ratio of -3.76 and a beta of 1.95.

Alto Ingredients (NASDAQ:ALTO) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.06. The firm had revenue of $236.47 million for the quarter, compared to analyst estimates of $236.17 million. Alto Ingredients had a negative net margin of 2.31% and a negative return on equity of 7.18%. During the same quarter in the previous year, the firm posted $0.10 EPS. As a group, analysts forecast that Alto Ingredients will post -0.17 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, HC Wainwright reissued a “buy” rating and issued a $5.50 price target on shares of Alto Ingredients in a report on Wednesday, August 7th.

Institutional Investors Weigh In On Alto Ingredients

Institutional investors and hedge funds have recently made changes to their positions in the company. Brendel Financial Advisors LLC acquired a new position in shares of Alto Ingredients in the 4th quarter worth approximately $71,000. SG Americas Securities LLC bought a new position in Alto Ingredients in the 1st quarter valued at $62,000. Virtu Financial LLC acquired a new position in Alto Ingredients in the first quarter worth $68,000. Aigen Investment Management LP bought a new stake in shares of Alto Ingredients during the fourth quarter worth $135,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Alto Ingredients in the first quarter valued at about $131,000. 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.