Short Interest in Alico, Inc. (NASDAQ:ALCO) Decreases By 9.4%

Alico, Inc. (NASDAQ:ALCO) saw a large decline in short interest in 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. Approximately 4.0% of the company’s shares are sold short. Based on an average daily volume of 31,300 shares, the short-interest ratio is presently 6.7 days.

Alico Stock Performance

NASDAQ:ALCO opened at $25.77 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 3.81 and a debt-to-equity ratio of 0.35. The firm’s fifty day simple moving average is $26.07 and its 200 day simple moving average is $26.80. The stock has a market cap of $196.70 million, a P/E ratio of 28.01 and a beta of 0.80. Alico has a twelve month low of $24.14 and a twelve month high of $30.75.

Institutional Investors Weigh In On Alico

Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in Alico by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 429,309 shares of the company’s stock worth $11,124,000 after buying an additional 8,306 shares in the last quarter. CM Management LLC raised its position in shares of Alico by 4.7% in the 2nd quarter. CM Management LLC now owns 225,000 shares of the company’s stock worth $5,830,000 after acquiring an additional 10,000 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its stake in shares of Alico by 2.1% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 206,504 shares of the company’s stock valued at $5,351,000 after purchasing an additional 4,231 shares during the period. Vanguard Group Inc. boosted its position in shares of Alico by 57.0% during the first 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 in the last quarter. Finally, Geode Capital Management LLC grew its stake in Alico by 6.9% in the third quarter. Geode Capital Management LLC now owns 145,535 shares of the company’s stock worth $4,071,000 after purchasing an additional 9,366 shares during the period. Institutional investors own 62.28% of the company’s stock.

Analyst Ratings Changes

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

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.