Alto Ingredients, Inc. (NASDAQ:ALTO) Short Interest Up 35.3% in February

Alto Ingredients, Inc. (NASDAQ:ALTO) was the target of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 881,890 shares, a growth of 35.3% from the January 29th total of 651,898 shares. Based on an average daily trading volume, of 821,127 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.2% of the company’s stock are sold short. Approximately 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 821,127 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Investors Weigh In On Alto Ingredients

A number of hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new position in Alto Ingredients during the 4th quarter worth approximately $3,324,000. Goldman Sachs Group Inc. boosted its stake in shares of Alto Ingredients by 169.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 715,180 shares of the company’s stock valued at $2,060,000 after buying an additional 449,697 shares in the last quarter. Millennium Management LLC grew its holdings in Alto Ingredients by 2,967.5% during the fourth quarter. Millennium Management LLC now owns 369,513 shares of the company’s stock worth $1,064,000 after acquiring an additional 357,467 shares during the period. Truffle Hound Capital LLC purchased a new position in Alto Ingredients in the fourth quarter worth $864,000. Finally, Corsair Capital Management L.P. acquired a new stake in Alto Ingredients in the fourth quarter valued at $721,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Wall Street Zen upgraded shares of Alto Ingredients from a “hold” rating to a “buy” rating in a research note on Sunday, November 16th. Zacks Research downgraded Alto Ingredients from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Alto Ingredients in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $5.50.

Alto Ingredients Stock Down 3.4%

ALTO opened at $2.28 on Monday. The business has a 50 day moving average price of $2.66 and a two-hundred day moving average price of $1.92. Alto Ingredients has a 52 week low of $0.76 and a 52 week high of $3.18. The company has a quick ratio of 2.30, a current ratio of 3.56 and a debt-to-equity ratio of 0.45. The company has a market cap of $176.34 million, a PE ratio of -3.30 and a beta of 0.60.

Alto Ingredients Company Profile

Alto Ingredients, Inc (NASDAQ: ALTO) is a diversified producer of alcohol-based products and specialty ingredients for industrial, food, beverage and personal care applications. The company’s core offering centers on ethanol produced for fuel markets, as well as an expanding portfolio of natural and organic alcohols, glycerin and other ingredient solutions. Alto’s product lines serve a range of end markets, including renewable fuels, confectionery, flavorings, cosmetics and sanitizers.

Headquartered in Dallas, Texas, Alto Ingredients operates a network of production facilities across the United States.