ADTRAN (ADTN) : Traders are negative on ADTRAN (ADTN), as it has 2.5% of short positions outstanding compared to its float. The total shorts have reduced by -97,680 shares, which is a -7.4% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,1,315,545 to 1,217,865 shares. While the daily trading volume of the stock is 214,253, there are 6 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
ADTRAN (NASDAQ:ADTN): The stock opened at $18.19 on Wednesday but the bulls could not build on the opening and the stock topped out at $18.26 for the day. The stock traded down to $18.10 during the day, due to lack of any buying support eventually closed down at $18.20 with a loss of -0.05% for the day. The stock had closed at $18.21 on the previous day. The total traded volume was 233,144 shares.
ADTRAN, Inc. is a global provider of networking and communications equipment. The Companys solutions enable voice, data, video and Internet communications across a variety of network infrastructures. The Company operates through two segments: the Carrier Networks Division and the Enterprise Networks Division. The Carrier Networks Division offers broadband and optical infrastructure products and services used by service providers to aggregate, transport, and deliver voice, data, and video services to their customers premises and mobile network cell sites. The Enterprise Networks Division provides cloud connectivity solutions, such as IP business gateways and access routers, which provide business access to service provider networks, and enterprise communications solutions, which enable businesses to construct voice, data and video networks at a single customer premises or among a distributed enterprises multiple sites.