Alto Ingredients, Inc. (NASDAQ:ALTO – Get Free Report) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 1,310,000 shares, a drop of 14.4% from the March 15th total of 1,530,000 shares. Approximately 1.9% of the company’s stock are sold short. Based on an average daily volume of 684,700 shares, the short-interest ratio is currently 1.9 days.
Institutional Trading of Alto Ingredients
A number of institutional investors have recently bought and sold shares of ALTO. American Century Companies Inc. acquired a new stake in Alto Ingredients during the fourth quarter valued at $32,000. Brevan Howard Capital Management LP acquired a new stake in shares of Alto Ingredients in the fourth quarter worth about $42,000. Tower Research Capital LLC TRC lifted its position in shares of Alto Ingredients by 522.0% in the first quarter. Tower Research Capital LLC TRC now owns 28,617 shares of the company’s stock worth $43,000 after buying an additional 24,016 shares during the last quarter. Cetera Advisor Networks LLC acquired a new stake in shares of Alto Ingredients in the second quarter worth about $49,000. Finally, Prelude Capital Management LLC acquired a new stake in shares of Alto Ingredients in the third quarter worth about $50,000. Institutional investors and hedge funds own 42.44% of the company’s stock.
Alto Ingredients Price Performance
ALTO opened at $2.03 on Tuesday. The stock has a market cap of $153.67 million, a price-to-earnings ratio of -5.20 and a beta of 1.89. Alto Ingredients has a 1 year low of $1.20 and a 1 year high of $4.97. The company has a current ratio of 2.59, a quick ratio of 1.78 and a debt-to-equity ratio of 0.29. The stock has a fifty day moving average price of $2.10 and a 200 day moving average price of $2.62.
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.
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