Is Aviat Networks Inc (NASDAQ:AVNW)’s Fuel Running High? Reports Show Less Sellers

October 2, 2018 - By Marguerite Chambers

Aviat Networks, Inc. (NASDAQ:AVNW) Logo

The stock of Aviat Networks Inc (NASDAQ:AVNW) registered a decrease of 38.41% in short interest. AVNW’s total short interest was 8,500 shares in October as published by FINRA. Its down 38.41% from 13,800 shares, reported previously. With 24,000 shares average volume, it will take short sellers 0 days to cover their AVNW’s short positions. The short interest to Aviat Networks Inc’s float is 0.22%.

The stock decreased 1.16% or $0.19 during the last trading session, reaching $16.16. About 8,839 shares traded. Aviat Networks, Inc. (NASDAQ:AVNW) has risen 4.15% since October 2, 2017 and is uptrending. It has underperformed by 11.47% the S&P500.

Aviat Networks, Inc. designs, manufactures, and sells a range of wireless networking products, solutions, and services worldwide. The company has market cap of $86.79 million. The Company’s products include broadband wireless access base stations and customer premises equipment for fixed and mobile; and point-to-point digital microwave transmission systems designed for first/last mile access, middle mile/backhaul, and long distance trunking applications, as well as support new network deployments, network expansion, and capacity upgrades. It has a 48.97 P/E ratio. The firm also offers network management software solutions, which enable operators to deploy, monitor, and manage its systems, as well as third party equipment, such as antennas, routers, optical transmission equipment, and other equipment to build and deploy telecommunications transmission network.

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