ADVA Optical (OTCMKTS:ADVOF – Get Free Report) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 22 shares, a drop of 93.8% from the August 15th total of 353 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.
ADVA Optical Stock Performance
ADVOF remained flat at $24.19 during trading on Thursday. The company has a market cap of $1.95 billion, a PE ratio of 109.95 and a beta of 0.10. ADVA Optical has a 52 week low of $20.85 and a 52 week high of $24.61. The stock has a fifty day moving average of $24.19 and a 200 day moving average of $24.19.
About ADVA Optical
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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