Short Interest in ADVA Optical Networking SE (OTCMKTS:ADVOF) Grows By 1,500.0%

ADVA Optical Networking SE (OTCMKTS:ADVOF – Get Rating) saw a significant increase in short interest in April. As of April 30th, there was short interest totalling 1,600 shares, an increase of 1,500.0% from the April 15th total of 100 shares. Based on an average daily volume of 1,200 shares, the days-to-cover ratio is currently 1.3 days.

ADVA Optical Networking Price Performance

ADVA Optical Networking stock opened at $21.81 on Thursday. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 31.16 and a beta of 1.02. The firm’s fifty day moving average is $23.30 and its 200 day moving average is $22.34. ADVA Optical Networking has a 52-week low of $16.36 and a 52-week high of $23.78.

About ADVA Optical Networking

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ADVA Optical Networking SE engages in the development, manufacture, and sale of optical and Ethernet-based networking solutions 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.