Alto Ingredients, Inc. (NASDAQ:ALTO) Sees Significant Increase in Short Interest

Alto Ingredients, Inc. (NASDAQ:ALTO) was the target of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 687,000 shares, an increase of 19.4% from the January 31st total of 575,400 shares. Based on an average daily volume of 705,500 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.9% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, HC Wainwright reiterated a “buy” rating and set a $5.50 price target on shares of Alto Ingredients in a research note on Thursday.

Alto Ingredients Stock Down 4.5 %

Alto Ingredients stock opened at $1.50 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.15 and a current ratio of 3.22. The business’s 50-day simple moving average is $1.64 and its two-hundred day simple moving average is $1.58. The company has a market cap of $114.97 million, a PE ratio of -2.88 and a beta of 1.73. Alto Ingredients has a fifty-two week low of $1.18 and a fifty-two week high of $2.40.

Institutional Trading of Alto Ingredients

Large investors have recently added to or reduced their stakes in the company. Two Sigma Investments LP boosted its stake in shares of Alto Ingredients by 30.1% in the fourth quarter. Two Sigma Investments LP now owns 158,259 shares of the company’s stock worth $247,000 after buying an additional 36,583 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of Alto Ingredients by 20.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,601,379 shares of the company’s stock worth $2,498,000 after buying an additional 274,918 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Alto Ingredients by 39.9% in the fourth quarter. Jane Street Group LLC now owns 405,182 shares of the company’s stock worth $632,000 after buying an additional 115,578 shares during the last quarter. Raffles Associates LP purchased a new stake in shares of Alto Ingredients in the fourth quarter worth about $156,000. Finally, Northern Trust Corp boosted its stake in shares of Alto Ingredients by 27.4% in the fourth quarter. Northern Trust Corp now owns 226,928 shares of the company’s stock worth $354,000 after buying an additional 48,768 shares during the last quarter. Hedge funds and other institutional investors 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.