Short Interest in ADVA Optical (OTCMKTS:ADVOF) Grows By 233.3%

ADVA Optical (OTCMKTS:ADVOF) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,000 shares, anincreaseof233.3% from the July 15th total of 300 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

ADVA Optical Price Performance

Shares of ADVOF stock opened at $24.10 on Friday. The company has a quick ratio of 1.16, a current ratio of 2.08 and a debt-to-equity ratio of 1.41. ADVA Optical has a fifty-two week low of $20.85 and a fifty-two week high of $24.61. The stock’s 50-day moving average is $23.09 and its two-hundred day moving average is $21.52.

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.