Alvotech (NASDAQ:ALVOW – Get Free Report) was the target of a large drop in short interest in January. As of January 15th, there was short interest totalling 11,800 shares, a drop of 38.2% from the December 31st total of 19,100 shares. Based on an average trading volume of 6,500 shares, the short-interest ratio is presently 1.8 days.
Alvotech Price Performance
Shares of ALVOW stock opened at $2.48 on Friday. The stock’s 50 day simple moving average is $2.95 and its 200 day simple moving average is $2.88. Alvotech has a twelve month low of $1.71 and a twelve month high of $6.31.
About Alvotech
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