Short Interest in ADVA Optical (OTCMKTS:ADVOF) Drops By 93.8%

ADVA Optical (OTCMKTS:ADVOF) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 22 shares, a decrease of 93.8% from the August 15th total of 353 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ? days. Currently, 0.0% of the company’s shares are sold short.

ADVA Optical Price Performance

Shares of OTCMKTS:ADVOF remained flat at $24.19 during trading on Thursday. ADVA Optical has a 12 month low of $20.85 and a 12 month high of $24.61. The firm has a market capitalization of $1.95 billion, a P/E ratio of 109.95 and a beta of 0.10. The firm’s 50-day simple moving average is $24.19 and its two-hundred day simple moving average is $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.