Alvotech (NASDAQ:ALVOW – Get Free Report) saw a significant increase in short interest in January. As of January 30th, there was short interest totaling 1,428 shares, an increase of 32.7% from the January 15th total of 1,076 shares. Based on an average daily trading volume, of 4,077 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 4,077 shares, the short-interest ratio is presently 0.4 days.
Alvotech Stock Performance
Shares of Alvotech stock opened at $0.30 on Monday. The firm has a fifty day simple moving average of $0.60 and a 200-day simple moving average of $0.99. Alvotech has a 1-year low of $0.23 and a 1-year high of $3.00.
About Alvotech
Alvotech is a biopharmaceutical company specializing in the development and manufacturing of biosimilar medicines. Headquartered in Reykjavík, Iceland, the company focuses on creating high-quality, cost-effective alternatives to branded biologic therapies. Since its founding in 2013, Alvotech has built an integrated platform that spans research and development, clinical trials, regulatory submissions and commercial manufacturing.
Alvotech’s pipeline includes multiple biosimilar candidates addressing key therapeutic areas such as immunology, oncology and ophthalmology.
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