Alvotech (NASDAQ:ALVOW – Get Free Report) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 55,500 shares, an increase of 5.1% from the September 15th total of 52,800 shares. Based on an average trading volume of 3,800 shares, the days-to-cover ratio is presently 14.6 days.
Alvotech Price Performance
Shares of ALVOW stock opened at $1.95 on Thursday. Alvotech has a one year low of $0.37 and a one year high of $3.11. The company has a 50 day moving average price of $1.69 and a 200 day moving average price of $1.54.
Institutional Trading of Alvotech
A hedge fund recently bought a new stake in Alvotech stock. CSS LLC IL bought a new position in shares of Alvotech (NASDAQ:ALVOW – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 61,875 shares of the company’s stock, valued at approximately $58,000.
About Alvotech
Alvotech Holdings SA, through its subsidiaries, develops and manufactures biosimilars for global markets. The company is based in Iceland.
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