What’s in ADVA OPTICAL NETWORKING SE ORDINARY SHAR (OTCMKTS:ADVOF) After Rise in Shorted Shares?

April 17, 2018 - By Ellis Scott

ADVA Optical Networking SE (OTCMKTS:ADVOF) Logo

The stock of ADVA OPTICAL NETWORKING SE ORDINARY SHAR (OTCMKTS:ADVOF) registered an increase of 0.14% in short interest. ADVOF’s total short interest was 286,100 shares in April as published by FINRA. Its up 0.14% from 285,700 shares, reported previously. With 200 shares average volume, it will take short sellers 1431 days to cover their ADVOF’s short positions. The short interest to ADVA OPTICAL NETWORKING SE ORDINARY SHAR’s float is 0.83%.

The stock increased 2.21% or $0.15 during the last trading session, reaching $6.95. About 100 shares traded. ADVA Optical Networking SE (OTCMKTS:ADVOF) has 0.00% since April 17, 2017 and is . It has underperformed by 11.55% the S&P500.

ADVA Optical Networking SE develops, makes, and sells optical and Ethernet networking solutions to telecommunications carriers and enterprises to deliver data, storage, voice, and video services. The company has market cap of $337.22 million. It offers scalable optical transport solutions, such as FSP 3000 and FSP 3000 CloudConnect; packet edge and aggregation products; and network virtualization products comprising ensemble connectors, ensemble orchestrators, ensemble analytics, ensemble controllers, and ensemble network controllers, as well as FSP 150 ProVMi and FSP 150VMe. It currently has negative earnings. The firm also provides timing and synchronization products; fiber assurance products; and automated network management products, such as FSP service manager, FSP network manager, and FSP network hypervisor that offers an unified platform for network operations.

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