Short Interest in ADVA Optical (OTCMKTS:ADVOF) Expands By 1,200.0%

ADVA Optical (OTCMKTS:ADVOF) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,300 shares, an increase of 1,200.0% from the August 15th total of 100 shares. Based on an average daily trading volume, of 200 shares, the short-interest ratio is currently 6.5 days. Based on an average daily trading volume, of 200 shares, the short-interest ratio is currently 6.5 days.

ADVA Optical Price Performance

Shares of OTCMKTS ADVOF opened at $24.19 on Friday. The company has a current ratio of 2.08, a quick ratio of 1.16 and a debt-to-equity ratio of 1.41. ADVA Optical has a 12-month low of $20.85 and a 12-month high of $24.61. The business’s fifty day simple moving average is $24.42 and its 200-day simple moving average is $22.02.

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.