Adtran Networks SE (OTCMKTS:ADVOF) Sees Large Growth in Short Interest

Adtran Networks SE (OTCMKTS:ADVOF) was the recipient of a large growth in short interest in February. As of February 28th, there was short interest totalling 400 shares, a growth of 33.3% from the February 13th total of 300 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 100 shares, the short-interest ratio is currently 4.0 days.

Adtran Networks Price Performance

Adtran Networks stock opened at $20.56 on Friday. The firm’s fifty day moving average price is $20.56 and its 200-day moving average price is $20.51. Adtran Networks has a fifty-two week low of $20.19 and a fifty-two 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.