ADVA Optical (OTCMKTS:ADVOF) Short Interest Update

Key Points

• ADVA Optical reported a significant drop in short interest, falling to 100 shares in September, a 92.3% decline from the prior month.
• The company's stock price remained stable at $24.19, with a 52-week low of $20.85 and a high of $24.61.
• ADVA Optical has strong liquidity ratios, including a current ratio of 1.90 and a quick ratio of 1.34, indicating solid financial health.

ADVA Optical (OTCMKTS:ADVOF - ) was the target of a large decline in short interest in the month of 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 volume of 0 shares, the short-interest ratio is currently ∞ days. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

ADVA Optical Stock Performance

OTCMKTS:ADVOF remained flat at $24.19 during trading hours on Tuesday. The company has a current ratio of 1.90, a quick ratio of 1.34 and a debt-to-equity ratio of 0.06. ADVA Optical has a 52 week low of $20.85 and a 52 week high of $24.61. The business has a fifty day moving average of $24.33 and a 200 day moving average of $22.32.

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.

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