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

Alto Ingredients, Inc. (NASDAQ:ALTO) was the target of a significant increase in short interest in the month of 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. Based on an average daily volume of 683,800 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in shares of Alto Ingredients by 78.6% in the fourth quarter. JPMorgan Chase & Co. now owns 18,109 shares of the company’s stock valued at $28,000 after purchasing an additional 7,968 shares during the period. Two Sigma Securities LLC acquired a new stake in shares of Alto Ingredients during the 4th quarter worth approximately $50,000. SBI Securities Co. Ltd. purchased a new stake in shares of Alto Ingredients during the 4th quarter valued at approximately $54,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Alto Ingredients by 137.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 58,788 shares of the company’s stock valued at $95,000 after acquiring an additional 34,061 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in Alto Ingredients in the fourth quarter worth approximately $94,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

Separately, HC Wainwright restated a “buy” rating and issued a $5.50 target price on shares of Alto Ingredients in a research report on Thursday, March 6th.

Alto Ingredients Stock Down 5.1 %

Shares of NASDAQ ALTO opened at $1.30 on Wednesday. The stock has a market cap of $99.64 million, a PE ratio of -2.50 and a beta of 1.73. The company has a current ratio of 3.22, a quick ratio of 2.15 and a debt-to-equity ratio of 0.32. Alto Ingredients has a 12-month low of $1.18 and a 12-month high of $2.40. The company has a 50-day moving average of $1.60 and a 200 day moving average of $1.58.

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.