ADVA Optical (OTCMKTS:ADVOF – Get Free Report) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 353 shares, a decline of 86.8% from the July 30th total of 2,680 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days. Currently, 0.0% of the shares of the company are sold short.
ADVA Optical Stock Performance
Shares of ADVOF stock opened at $24.19 on Thursday. The firm’s 50 day moving average is $24.19 and its 200 day moving average is $24.19. The stock has a market capitalization of $1.95 billion, a P/E ratio of 109.95 and a beta of 0.13. ADVA Optical has a 12 month low of $20.85 and a 12 month high of $24.61.
ADVA Optical Company Profile
ADVA Optical Networking SE (OTCMKTS:ADVOF) is a Germany-based technology company that designs, develops and sells advanced optical networking solutions. Founded in 1994 and headquartered in Martinsried near Munich, ADVA focuses on delivering high-performance fiber-optic transmission systems, network access products and synchronization technology for telecommunications carriers, data center operators and enterprises.
The company’s flagship FSP platform supports multilayer transport for data, storage, voice and video services, leveraging Dense Wavelength Division Multiplexing (DWDM) to maximize network capacity.
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