ADVA Optical (OTCMKTS:ADVOF) Sees Significant Decline in Short Interest

ADVA Optical (OTCMKTS:ADVOF) was the recipient of a significant decrease in short interest in August. As of August 15th, there was short interest totaling 100 shares, adecreaseof90.0% from the July 31st total of 1,000 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 1.0 days. Based on an average trading volume of 100 shares, the short-interest ratio is currently 1.0 days.

ADVA Optical Price Performance

Shares of OTCMKTS:ADVOF opened at $24.19 on Thursday. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.08 and a quick ratio of 1.16. The company’s fifty day moving average is $23.95 and its two-hundred day moving average is $21.85. ADVA Optical has a 1-year low of $20.85 and a 1-year high of $24.61.

ADVA Optical 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.