ADVA Optical (OTCMKTS:ADVOF) Short Interest Down 90.0% in August

ADVA Optical (OTCMKTS:ADVOF) was the recipient of a significant drop in short interest during the month of August. As of August 15th, there was short interest totaling 100 shares, adropof90.0% from the July 31st total of 1,000 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 1.0 days. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 1.0 days.

ADVA Optical Price Performance

ADVOF remained flat at $24.19 during midday trading on Tuesday. The company has a current ratio of 2.08, a quick ratio of 1.16 and a debt-to-equity ratio of 1.41. ADVA Optical has a 1 year low of $20.85 and a 1 year high of $24.61. The company’s fifty day moving average is $23.82 and its 200 day moving average is $21.82.

About ADVA Optical

Adtran Networks SE engages in the development, manufacture, and sale optical and Ethernet-based networking solutions for telecommunications carriers and enterprises to deliver data, storage, voice, and video services worldwide. It offers open optical transport solutions, such as FSP 3000 open terminals, FSP 3000 open line systems, pluggables and subsystems, and optical access solutions; packet edge and aggregation products, including carrier Ethernet and programmable multilayer edge, metro aggregation, and edge computing products; disaggregated networking, such as packet optical terminals and ensemble activators.