Alvotech (NASDAQ:ALVOW – Get Free Report) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 17,100 shares, a growth of 180.3% from the August 31st total of 6,100 shares. Based on an average trading volume of 3,200 shares, the days-to-cover ratio is currently 5.3 days.
Alvotech Stock Up 7.3 %
Shares of NASDAQ ALVOW traded up $0.19 during mid-day trading on Friday, hitting $2.80. The company had a trading volume of 594 shares, compared to its average volume of 8,837. The business’s 50-day simple moving average is $2.73 and its 200 day simple moving average is $3.09. Alvotech has a 1-year low of $1.39 and a 1-year high of $6.31.
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