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

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

Adtran Networks Price Performance

OTCMKTS:ADVOF remained flat at $20.56 during trading hours on Tuesday. The stock’s fifty day simple moving average is $20.44 and its 200 day simple moving average is $20.91. Adtran Networks has a 1-year low of $20.19 and a 1-year 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.