Time to Reconsider ADVA OPTICAL NETWORKING SE ORDINARY SHAR (OTCMKTS:ADVOF) After Less Short Sellers?

ADVA Optical Networking SE (OTCMKTS:ADVOF) Logo

The stock of ADVA OPTICAL NETWORKING SE ORDINARY SHAR (OTCMKTS:ADVOF) registered a decrease of 12.65% in short interest. ADVOF’s total short interest was 98,700 shares in July as published by FINRA. Its down 12.65% from 113,000 shares, reported previously. With 100 shares average volume, it will take short sellers 987 days to cover their ADVOF’s short positions.

The stock decreased 0.70% or $0.05 during the last trading session, reaching $7.65. About 129 shares traded or 138.89% up from the average. ADVA Optical Networking SE (OTCMKTS:ADVOF) has 0.00% since July 14, 2018 and is . It has underperformed by 4.43% 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 $380.68 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 has a 64.25 P/E ratio. 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.

More notable recent ADVA Optical Networking SE (OTCMKTS:ADVOF) news were published by: Seekingalpha.com which released: “Giga Metals: A Lottery Ticket In The Nickel-Cobalt Space – Seeking Alpha” on August 27, 2018, also Seekingalpha.com with their article: “Surge Energy: Surging Ahead With Mount Bastion Acquisition – Seeking Alpha” published on October 30, 2018, Seekingalpha.com published: “WDP And VGP: 2 Hidden REITs With More Dividend Hikes Looming – Seeking Alpha” on December 04, 2018. More interesting news about ADVA Optical Networking SE (OTCMKTS:ADVOF) were released by: Seekingalpha.com and their article: “Infineon Technologies AG 2019 Q2 – Results – Earnings Call Slides – Seeking Alpha” published on May 12, 2019 as well as Midasletter.com‘s news article titled: “Pond Technologies Holdings Inc (CVE:POND) CEO on Regenurex Acquisition – Midas Letter” with publication date: February 11, 2019.

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