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

Adtran Networks SE (OTCMKTS:ADVOF) was the target of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 200 shares, a decrease of 66.7% from the October 31st total of 600 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 2.0 days.

Adtran Networks Stock Performance

OTCMKTS ADVOF opened at $20.56 on Friday. Adtran Networks has a fifty-two week low of $20.19 and a fifty-two week high of $21.70. The stock has a 50 day simple moving average of $20.52 and a two-hundred day simple moving average of $20.82.

Adtran Networks Company Profile

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.