Alector Inc (NASDAQ:ALEC) Sees Significant Growth in Short Interest
Alector Inc (NASDAQ:ALEC) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 3,397,600 shares, an increase of 5.6% from the June 30th total of 3,216,700 shares. Currently, 8.2% of the shares of the company are short sold. Based on an average trading volume of 165,100 shares, the short-interest ratio is currently 20.6 days.
In other Alector news, major shareholder Orbimed Advisors Llc sold 650,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $17.90, for a total transaction of $11,635,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 34.40% of the ...