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

Adtran Networks SE (OTCMKTS:ADVOF) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 600 shares, an increase of 200.0% from the October 15th total of 200 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.

Adtran Networks Price Performance

ADVOF opened at $20.56 on Wednesday. The business has a 50 day moving average price of $20.45 and a two-hundred day moving average price of $20.90. Adtran Networks has a 52 week low of $20.19 and a 52 week high of $21.70.

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.