Alphatec Holdings, Inc. (ATEC) Short Interest Update

Alphatec Holdings, Inc. (NASDAQ:ATEC) was the target of a significant decline in short interest during the month of May. As of May 31st, there was short interest totalling 1,175,812 shares, a decline of 13.4% from the May 15th total of 1,358,158 shares. Based on an average daily volume of 43,430 shares, the short-interest ratio is currently 27.1 days.

A number of hedge funds have recently modified their holdings of ATEC. Broadfin Capital LLC acquired a new stake in shares of Alphatec Holdings during the first quarter valued at approximately $527,000. Geode Capital Management LLC increased its position in Alphatec Holdings by 0.3% in the first quarter. Geode Capital Management LLC now owns 50,614 shares of the medical technology company’s stock worth $117,000 after buying an additional 138 shares during the period. Vanguard Group Inc. increased its position in Alphatec Holdings by 2.2% in the first quarter. Vanguard Group Inc. now owns 239,963 shares of the medical technology company’s stock worth $559,000 after buying an additional 5,257 shares during the period. Numeric Investors LLC increased its position in Alphatec Holdings by 28.9% in the fourth quarter. Numeric Investors LLC now owns 92,082 shares of the medical technology company’s stock worth $296,000 after buying an additional 20,628 shares during the period. Finally, Renaissance Technologies LLC increased its position in Alphatec Holdings by 85.3% in the fourth quarter. Renaissance Technologies LLC now owns 313,545 shares of the medical technology company’s stock worth $1,006,000 after buying an additional 144,300 shares during the period. Institutional investors and hedge funds own 21.39% of the company’s stock.

Alphatec Holdings (ATEC) opened at 1.81 on Friday. Alphatec Holdings has a 52-week low of $1.77 and a 52-week high of $9.65. The firm has a 50-day moving average price of $2.03 and a 200 day moving average price of $2.93.

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About Alphatec Holdings

Alphatec Holdings, Inc is a medical technology company. The Company through its subsidiary, Alphatec Spine, Inc and its subsidiaries, designs, develops, manufactures and markets products for the surgical treatment of spine disorders. Its product portfolio and pipeline addresses the cervical, thoracolumbar and intervertebral regions of the spine and covers a range of spinal disorders and surgical procedures.

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