Adtran Networks SE (OTCMKTS:ADVOF) Sees Significant Drop in Short Interest

Adtran Networks SE (OTCMKTS:ADVOF) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 300 shares, a decline of 40.0% from the January 15th total of 500 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Adtran Networks Price Performance

Shares of OTCMKTS:ADVOF opened at $20.56 on Thursday. Adtran Networks has a 1-year low of $20.19 and a 1-year high of $21.70. The business has a 50-day moving average price of $20.56 and a two-hundred day moving average price of $20.50.

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.