Alto Ingredients, Inc. (NASDAQ:ALTO) Short Interest Up 28.4% in February

Alto Ingredients, Inc. (NASDAQ:ALTO) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 882,000 shares, a growth of 28.4% from the February 13th total of 687,000 shares. Based on an average daily volume of 683,800 shares, the short-interest ratio is currently 1.3 days. Currently, 1.2% of the company’s shares are short sold.

Alto Ingredients Stock Performance

NASDAQ ALTO opened at $1.30 on Wednesday. The company has a market cap of $99.64 million, a P/E ratio of -2.50 and a beta of 1.73. Alto Ingredients has a 1-year low of $1.18 and a 1-year high of $2.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.22 and a quick ratio of 2.15. The stock has a 50-day moving average of $1.60 and a two-hundred day moving average of $1.58.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Alto Ingredients

Several large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake 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 worth $28,000 after acquiring an additional 7,968 shares in the last quarter. Two Sigma Securities LLC acquired a new position in Alto Ingredients during the 4th quarter worth $50,000. SBI Securities Co. Ltd. purchased a new stake in Alto Ingredients during the 4th quarter worth about $54,000. XTX Topco Ltd acquired a new stake in Alto Ingredients in the 4th quarter valued at about $94,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Alto Ingredients by 137.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 58,788 shares of the company’s stock valued at $95,000 after buying an additional 34,061 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

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.