Alico, Inc. (NASDAQ:ALCO) Sees Large Decline in Short Interest

Alico, Inc. (NASDAQ:ALCO) was the target of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 211,100 shares, a decline of 9.4% from the November 15th total of 233,000 shares. Based on an average trading volume of 31,300 shares, the days-to-cover ratio is presently 6.7 days. Currently, 4.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALCO. Vanguard Group Inc. lifted its position in Alico by 57.0% in the 1st quarter. Vanguard Group Inc. now owns 160,913 shares of the company’s stock valued at $4,712,000 after purchasing an additional 58,428 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Alico by 5.4% during the third quarter. Empowered Funds LLC now owns 15,797 shares of the company’s stock valued at $442,000 after purchasing an additional 804 shares in the last quarter. Acuitas Investments LLC grew its position in Alico by 19.3% in the 2nd quarter. Acuitas Investments LLC now owns 88,513 shares of the company’s stock valued at $2,293,000 after buying an additional 14,291 shares in the last quarter. CM Management LLC increased its stake in Alico by 4.7% during the 2nd quarter. CM Management LLC now owns 225,000 shares of the company’s stock valued at $5,830,000 after buying an additional 10,000 shares during the period. Finally, Pacific Ridge Capital Partners LLC raised its position in shares of Alico by 2.1% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 206,504 shares of the company’s stock worth $5,351,000 after buying an additional 4,231 shares in the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Alico to a “sell” rating in a research note on Thursday, August 29th.

Alico Trading Down 2.8 %

NASDAQ ALCO opened at $25.87 on Monday. The firm has a market capitalization of $197.47 million, a PE ratio of 28.12 and a beta of 0.80. Alico has a one year low of $24.14 and a one year high of $31.00. The company has a 50-day simple moving average of $26.07 and a 200-day simple moving average of $26.81. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.99 and a current ratio of 3.81.

Alico Company Profile

Alico, Inc, together with its subsidiaries, operates as an agribusiness and land management company in the United States. The company operates in two segments, Alico Citrus, and Land Management and Other Operations. The Alico Citrus segment engages in planting, owning, cultivating, and/or managing citrus groves to produce fruit for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which include contracting for the harvesting, marketing, and hauling of citrus.