Short Interest in Adtran Networks SE (OTCMKTS:ADVOF) Rises By 150.0%

Adtran Networks SE (OTCMKTS:ADVOF) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 500 shares, a growth of 150.0% from the December 31st total of 200 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.

Adtran Networks Stock Performance

Shares of ADVOF stock opened at $20.56 on Wednesday. Adtran Networks has a 1 year low of $20.19 and a 1 year high of $21.70. The business’s fifty day moving average is $20.56 and its 200-day moving average is $20.56.

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.