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

Adtran Networks SE (OTCMKTS:ADVOF) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 400 shares, an increase of 33.3% from the February 13th total of 300 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 4.0 days. Currently, 0.0% of the company’s shares are sold short.

Adtran Networks Price Performance

OTCMKTS:ADVOF opened at $20.56 on Tuesday. The business has a 50 day moving average price of $20.56 and a 200-day moving average price of $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.