Alvotech (NASDAQ:ALVOW – Get Rating) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 16,700 shares, a growth of 178.3% from the February 28th total of 6,000 shares. Based on an average daily trading volume, of 53,300 shares, the short-interest ratio is currently 0.3 days.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. LMR Partners LLP grew its position in Alvotech by 56.0% during the 3rd quarter. LMR Partners LLP now owns 94,118 shares of the company's stock worth $636,000 after purchasing an additional 33,770 shares during the last quarter. Verition Fund Management LLC purchased a new position in Alvotech during the 2nd quarter worth $349,000. CSS LLC IL purchased a new position in Alvotech during the 4th quarter worth $58,000. Serengeti Asset Management LP lifted its stake in shares of Alvotech by 23.1% in the 3rd quarter. Serengeti Asset Management LP now owns 400,000 shares of the company's stock worth $279,000 after acquiring an additional 75,000 shares during the period. Finally, KCL Capital L.P. acquired a new stake in shares of Alvotech in the 2nd quarter worth $70,000.
Get Alvotech alerts:Alvotech Price Performance
NASDAQ ALVOW opened at $2.39 on Tuesday. The firm's fifty day moving average price is $2.05 and its 200 day moving average price is $1.23. Alvotech has a 12 month low of $0.36 and a 12 month high of $3.11.
About Alvotech
(Get Rating)
Alvotech Holdings SA, through its subsidiaries, develops and manufactures biosimilars for global markets. The company is based in Iceland.
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