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

ADVA Optical (OTCMKTS:ADVOF) saw a large decline in short interest in September. As of September 15th, there was short interest totaling 100 shares, a decline of 92.3% from the August 31st total of 1,300 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

ADVA Optical Price Performance

Shares of ADVA Optical stock opened at $24.19 on Wednesday. ADVA Optical has a 52 week low of $20.85 and a 52 week high of $24.61. The company has a current ratio of 1.90, a quick ratio of 1.34 and a debt-to-equity ratio of 0.06. The company’s 50-day moving average price is $24.32 and its two-hundred day moving average price is $22.34.

About ADVA Optical

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.