Adtran Networks SE (OTCMKTS:ADVOF) Short Interest Down 6.7% in April

Adtran Networks SE (OTCMKTS:ADVOF) was the target of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 1,400 shares, a decrease of 6.7% from the March 31st total of 1,500 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 14.0 days.

Adtran Networks Price Performance

Shares of ADVOF stock opened at $21.57 on Wednesday. Adtran Networks has a one year low of $21.57 and a one year high of $21.70. The company has a market cap of $1.12 billion, a P/E ratio of 89.88 and a beta of 0.82. The firm has a 50-day moving average of $21.43 and a 200-day moving average of $21.11.

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.