Short Interest in Aviat Networks Inc (NASDAQ:AVNW) Increases By 38.5%
Aviat Networks Inc (NASDAQ:AVNW) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 7,200 shares, an increase of 38.5% from the July 31st total of 5,200 shares. Based on an average daily volume of 6,200 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.2% of the shares of the stock are sold short.
Shares of Aviat Networks stock traded down $0.01 during midday trading on Friday, hitting $14.31. The company’s stock had a trading volume of 640 shares, compared to its average volume of 10,831. The firm has a market capitalization of $76.29 million, a P/E ratio of 25.33 and a beta of 0.71. The stock has a 50-day simple moving average of $13.32 and a 200-day simple moving average of $13.46. Aviat Networks has a 1-year low of $12.29 and a 1-year high of $17.43.
Aviat Networks (NASDAQ:AVNW) last released its quarterly earnings data on Tuesday, August 27th. The communications equipment provider reported $0.47 earnings per share (EPS) for the quarter. The firm had revenue of $64.23 million during the quarter. Aviat Networks had a return on equity of 4.91% and a net margin of 3.99%.
A hedge fund recently raised its stake in Aviat Networks stock. BlackRock Inc. raised its holdings in shares of Aviat Networks Inc (NASDAQ:AVNW) by 2.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 146,254 shares of the communications equipment provider’s stock after acquiring an additional 3,561 shares during the period. BlackRock Inc. owned approximately 2.72% of Aviat Networks worth $2,004,000 at the end of the most recent reporting period. 50.31% of the stock is owned by institutional investors and hedge funds.
About Aviat Networks
Aviat Networks, Inc designs, manufactures, and sells a range of wireless networking products, solutions, and services worldwide. Its products include broadband wireless access base stations and customer premises equipment for fixed and mobile networks; and point-to-point digital microwave radio systems for access, backhaul, trunking, and license-exempt applications, as well as supporting new network deployments, network expansion, and capacity upgrades.
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