Short Interest in Adtran Networks SE (OTCMKTS:ADVOF) Increases By 316.7%

Adtran Networks SE (OTCMKTS:ADVOF - Get Free Report) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 2,500 shares, an increase of 316.7% from the March 15th total of 600 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days. Currently, 0.0% of the shares of the company are sold short.

Adtran Networks Price Performance

Shares of Adtran Networks stock remained flat at $20.85 on Friday. Adtran Networks has a 1 year low of $20.19 and a 1 year high of $21.70. The company's 50-day simple moving average is $20.62 and its 200-day simple moving average is $20.57.

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.