What Next for Aviat Networks Inc (NASDAQ:AVNW) Stock After Decrease in Shorted Shares?

Aviat Networks, Inc. (NASDAQ:AVNW) Logo

The stock of Aviat Networks Inc (NASDAQ:AVNW) registered a decrease of 14% in short interest. AVNW’s total short interest was 8,600 shares in March as published by FINRA. Its down 14% from 10,000 shares, reported previously. With 13,500 shares average volume, it will take short sellers 1 days to cover their AVNW’s short positions. The short interest to Aviat Networks Inc’s float is 0.23%.

The stock increased 1.10% or $0.15 during the last trading session, reaching $13.8. About 1,920 shares traded. Aviat Networks, Inc. (NASDAQ:AVNW) has declined 20.14% since March 14, 2018 and is downtrending. It has underperformed by 24.51% 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 $74.25 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 currently has negative earnings. 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.

More notable recent Aviat Networks, Inc. (NASDAQ:AVNW) news were published by: Seekingalpha.com which released: “Aviat Networks, Inc. (AVNW) CEO Michael Pangia on Q4 2018 Results – Earnings Call Transcript – Seeking Alpha” on August 28, 2018, also Seekingalpha.com with their article: “Stanphyl Capital Letter – February 2019 – Seeking Alpha” published on March 01, 2019, Prnewswire.com published: “Aviat Networks Expands Share in Asia-Pacific Market – PR Newswire” on August 16, 2018. More interesting news about Aviat Networks, Inc. (NASDAQ:AVNW) were released by: Seekingalpha.com and their article: “Aviat Networks revenues, profits tick up in Q2 – Seeking Alpha” published on February 11, 2019 as well as Prnewswire.com‘s news article titled: “Aviat Networks Appoints Stan Gallagher as Chief Operating Officer – PR Newswire” with publication date: June 25, 2018.

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