Vecima Networks Inc. (OTCMKTS:VNWTF) Stock Short Interest Rises 109.5%

Vecima Networks Inc. (OTCMKTS:VNWTF) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 2,097 shares, an increase of 109.5% from the September 15th total of 1,001 shares. Based on an average daily volume of 783 shares, the days-to-cover ratio is currently 2.7 days.

Wall Street Analysts Forecast Growth

Separately, B. Riley Financial reissued a “buy” rating on shares of Vecima Networks in a research note on Friday, September 25th. One research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Vecima Networks Price Performance

Shares of OTCMKTS VNWTF opened at $9.57 on Wednesday. Vecima Networks has a twelve month low of $6.59 and a twelve month high of $10.38. The firm has a 50-day moving average of $9.03 and a two-hundred day moving average of $9.28.

Vecima Networks Company Profile

Vecima Networks Inc is a Canadian technology company that develops hardware, software and integrated solutions for broadband networks. Its products are designed to help communications service providers deliver high-speed internet, video and other data services over cable, fiber and fixed wireless infrastructure.

The company’s portfolio includes broadband access platforms, network edge systems, customer-premises equipment and software used to manage and optimize communications networks.