Alphatec Holdings, parent company of Alphatec Spine, reported a huge drop in short interest, according to a Candle Strips report.
Here are five key updates:
1. There was a huge drop of 0.4 percent, or 8,831 shares in its short figure.
2. The short interest was calculated to be 3.4 percent over 41 days with a daily average of 53,510 shares.
3. Alphatec Holdings ended the last trading session with positive gains that opened in $1.4 and peaking at $1.5.
4. The company's market cap is $146 million with more than 100 million shares outstanding.
5. Alphatec Holdings shares rose 7.41 percent over the past week and 13.28 percent over the past four weeks.