Adtran Networks SE (OTCMKTS:ADVOF) Short Interest Down 80.0% in September

Adtran Networks SE (OTCMKTS:ADVOF) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 200 shares, a drop of 80.0% from the September 15th total of 1,000 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 2.0 days.

Adtran Networks Price Performance

Shares of ADVOF stock opened at $20.50 on Friday. Adtran Networks has a fifty-two week low of $20.19 and a fifty-two week high of $21.70. The stock’s 50-day moving average is $20.35 and its two-hundred day moving average is $21.08. The firm has a market cap of $1.06 billion, a P/E ratio of 85.42 and a beta of 0.76.

About Adtran Networks

Adtran Networks SE engages in the development, manufacture, and sale optical and Ethernet-based networking solutions for telecommunications carriers and enterprises to deliver data, storage, voice, and video services worldwide. It offers open optical transport solutions, such as FSP 3000 open terminals, FSP 3000 open line systems, pluggables and subsystems, and optical access solutions; packet edge and aggregation products, including carrier Ethernet and programmable multilayer edge, metro aggregation, and edge computing products; disaggregated networking, such as packet optical terminals and ensemble activators.