Alvotech (NASDAQ:ALVOW) Short Interest Update

Alvotech (NASDAQ:ALVOW) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 36,500 shares, an increase of 32.7% from the March 31st total of 27,500 shares. Based on an average trading volume of 9,200 shares, the short-interest ratio is currently 4.0 days.

Alvotech Trading Up 3.1 %

Shares of ALVOW opened at $1.32 on Thursday. The firm has a 50-day simple moving average of $1.68 and a two-hundred day simple moving average of $2.46. Alvotech has a 1-year low of $1.03 and a 1-year high of $4.99.

Alvotech Company Profile

Alvotech, through its subsidiaries, develops and manufactures biosimilar medicines for patients worldwide. It offers biosimilar products in the therapeutic areas of autoimmune, eye, and bone disorders, as well as cancer. The company's lead program is AVT02, a high concentration formulation biosimilar to Humira to treat various inflammatory conditions, including rheumatoid arthritis, psoriatic arthritis, Crohn's disease, ulcerative colitis, plaque psoriasis, and other indications; AVT04, a biosimilar to Stelara to treat various inflammatory conditions comprising psoriatic arthritis, Crohn's disease, ulcerative colitis, plaque psoriasis, and other indications; AVT06, a biosimilar to Eylea to treat various conditions, such as age-related macular degeneration, macular edema, and diabetic retinopathy; and AVT03, a biosimilar to Xgeva and Prolia, which is in the pre-clinical phase to treat prevent bone fracture, spinal cord compression, and the need for radiation or bone surgery in patients with certain types of cancer, as well as prevent bone loss and increase bone mass.