Alvotech (NASDAQ:ALVOW) Short Interest Up 899.4% in March

Alvotech (NASDAQ:ALVOW) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totaling 9,314 shares, an increase of 899.4% from the March 15th total of 932 shares. Based on an average daily volume of 1,829 shares, the days-to-cover ratio is currently 5.1 days.

Alvotech Price Performance

ALVOW opened at $0.25 on Friday. Alvotech has a 1-year low of $0.15 and a 1-year high of $3.00. The company has a fifty day moving average price of $0.33 and a two-hundred day moving average price of $0.73.

Alvotech Company Profile

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.