Alphatec Holdings, Inc. (NASDAQ:ATEC) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 791,509 shares, a drop of 30.4% from the November 30th total of 1,137,916 shares. Based on an average daily volume of 149,012 shares, the short-interest ratio is presently 5.3 days. Currently, 8.2% of the company’s shares are sold short.
Several institutional investors have recently bought and sold shares of ATEC. Fondren Management LP raised its stake in shares of Alphatec by 20.8% during the second quarter. Fondren Management LP now owns 220,534 shares of the medical technology company’s stock valued at $408,000 after acquiring an additional 37,933 shares in the last quarter. Sabby Management LLC purchased a new position in Alphatec during the second quarter valued at approximately $629,000. Finally, Broadfin Capital LLC increased its holdings in Alphatec by 163.1% during the second quarter. Broadfin Capital LLC now owns 594,533 shares of the medical technology company’s stock valued at $1,100,000 after buying an additional 368,527 shares during the period. 15.70% of the stock is owned by hedge funds and other institutional investors.
Shares of Alphatec (NASDAQ:ATEC) opened at $2.66 on Monday. The company has a debt-to-equity ratio of -1.11, a quick ratio of 1.08 and a current ratio of 2.11. Alphatec has a 12 month low of $1.58 and a 12 month high of $5.80. The firm has a market cap of $44.49, a P/E ratio of -1.62 and a beta of 1.35.
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Alphatec Holdings, Inc is a medical technology company. The Company through its subsidiary, Alphatec Spine, Inc and its subsidiaries, designs, develops, manufactures and markets products for the surgical treatment of spine disorders. Its product portfolio and pipeline addresses the cervical, thoracolumbar and intervertebral regions of the spine and covers a range of spinal disorders and surgical procedures.
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