Alico, Inc. (NASDAQ:ALCO) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 13,500 shares, a decrease of 25.4% from the September 30th total of 18,100 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 8,500 shares, the days-to-cover ratio is presently 1.6 days.
Alico stock opened at $31.42 on Friday. Alico has a 12 month low of $25.25 and a 12 month high of $34.69. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.89 and a quick ratio of 0.57. The business has a 50 day simple moving average of $33.21 and a 200-day simple moving average of $30.69. The stock has a market capitalization of $238.65 million, a PE ratio of 11.56 and a beta of 0.78.
In other news, Director 734 Investors, Llc sold 7,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $33.95, for a total value of $237,650.00. Following the completion of the sale, the director now directly owns 3,173,405 shares of the company’s stock, valued at $107,737,099.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.
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 Water Resources and Other Operations. The Alico Citrus segment engages in planting, owning, cultivating, and/or managing citrus groves to produce fruits for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which comprise contracting for the harvesting, marketing, and hauling of citrus.
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