Short Interest Worth Mentioning Today: Is Adtran Incorporated (NASDAQ:ADTN)’s Fuel Running Low? Reports Show More Sellers

November 23, 2016 - By Clifton Ray   ·   0 Comments

Short Interest Worth Mentioning Today: Is Adtran Incorporated (NASDAQ:ADTN)’s Fuel Running Low? Reports Show More Sellers

The stock of Adtran Incorporated (NASDAQ:ADTN) registered an increase of 21.08% in short interest. ADTN’s total short interest was 1.42 million shares in November as published by FINRA. Its up 21.08% from 1.17M shares, reported previously. With 557,900 shares average volume, it will take short sellers 3 days to cover their ADTN’s short positions. The short interest to Adtran Incorporated’s float is 2.94%. The stock last traded at $20.35 per share. It is down 9.41% since April 21, 2016 and is uptrending. It has outperformed by 4.08% the S&P500.

ADTRAN, Inc. is a provider of networking and communications equipment. The company has a market cap of $1000.00 million. The Company’s solutions enable voice, data, video and Internet communications across a range of network infrastructures. It has a 29.92 P/E ratio. It operates through two divisions: the Carrier Networks Division and the Enterprise Networks Division.

Insitutional Activity: The institutional sentiment decreased to 0.91 in Q2 2016. Its down 0.17, from 1.08 in 2016Q1. The ratio worsened, as 14 funds sold all ADTRAN, Inc. shares owned while 52 reduced positions. 20 funds bought stakes while 51 increased positions. They now own 43.51 million shares or 5.85% less from 46.22 million shares in 2016Q1.
Great Lakes Advsr Limited has 342,475 shares for 0.17% of their US portfolio. Arizona State Retirement Sys accumulated 0.01% or 25,445 shares. The New York-based Millennium Management Limited Company has invested 0.01% in ADTRAN, Inc. (NASDAQ:ADTN). Jennison Associates Lc last reported 90,971 shares in the company. The Florida-based Independent Portfolio Consultants has invested 0% in ADTRAN, Inc. (NASDAQ:ADTN). Manufacturers Life Insurance The last reported 0% of its portfolio in the stock. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 0% of its portfolio in the stock. Public Employees Retirement Association Of Colorado reported 14,841 shares or 0% of all its holdings. Paradigm Asset Mgmt Limited Liability has 1,300 shares for 0% of their US portfolio. Everpoint Asset Mgmt Limited Com accumulated 12,500 shares or 0% of the stock. Ladenburg Thalmann Finance Services has invested 0% of its portfolio in ADTRAN, Inc. (NASDAQ:ADTN). The Minnesota-based Ameriprise Financial has invested 0% in ADTRAN, Inc. (NASDAQ:ADTN). Rail reported 426,334 shares or 1.91% of all its holdings. Blackrock Gru Inc Limited accumulated 0% or 70,427 shares. Pnc Svcs Gru Inc Inc accumulated 3,370 shares or 0% of the stock.

Insider Transactions: Since November 17, 2016, the stock had 0 insider purchases, and 1 insider sale for $524,036 net activity. $524,036 worth of ADTRAN, Inc. (NASDAQ:ADTN) was sold by Wilson James Denson Jr on Thursday, November 17.

ADTRAN, Inc. (NASDAQ:ADTN) Ratings Coverage

Out of 9 analysts covering Adtran Inc. (NASDAQ:ADTN), 6 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. Adtran Inc. has been the topic of 17 analyst reports since September 9, 2015 according to StockzIntelligence Inc. The rating was maintained by M Partners with “Neutral” on Thursday, October 15. Needham upgraded the shares of ADTN in a report on Thursday, January 21 to “Buy” rating. JP Morgan upgraded the stock to “Overweight” rating in Thursday, December 17 report. As per Monday, October 31, the company rating was upgraded by Northland Capital. The stock of ADTRAN, Inc. (NASDAQ:ADTN) has “Outperform” rating given on Wednesday, September 30 by Northland Capital. The rating was upgraded by Drexel Hamilton on Friday, January 15 to “Buy”. The firm earned “Market Perform” rating on Thursday, February 4 by Cowen & Co. The stock of ADTRAN, Inc. (NASDAQ:ADTN) has “Buy” rating given on Monday, January 18 by Drexel Hamilton. As per Thursday, January 7, the company rating was upgraded by M Partners. On Friday, January 8 the stock rating was upgraded by Stifel Nicolaus to “Buy”.

ADTN Company Profile

ADTRAN, Inc., incorporated on November 18, 1985, is a well-known provider of networking and communications equipment. The Company’s solutions enable voice, data, video and Internet communications across a range of network infrastructures. The Firm operates through two divisions: the Carrier Networks Division and the Enterprise Networks Division. The Company’s product categories include Carrier Systems, Business Networking and Loop Access. Carrier Systems products are used by communications service providers to provide data, voice, Internet and video services to clients and enterprises. The category includes Broadband Access, Optical and Time Division Multiplexed (TDM) systems. Broadband Access products include Total Access 5000 Series of Multi-Service Access Node (MSAN), hiX 5600 Series of MSANs, Total Access 1100/1200 Series of Fiber to the Node (FTTN) products, hiX 1100 Series of FTTN products, VDSL2 Vectoring based Digital Subscriber Line Access Multiplexer (DSLAM) products, and ADTRAN 500 Series of FTTdp G.fast Distribution Point Units (DPU). The Optical products include Optical Networking Edge (ONE), NetVanta 8000 Series of Fiber Ethernet Access Devices (EAD), NetVanta 8400 Series of 10Gig Multi-service Edge Switches, OPTI-6100 and Total Access 3000 optical Multi-Service Provisioning Platforms (MSPP), and Pluggable Optical Products, including Small Form Factor Pluggable (SFP), 10-Gigabit Fiber Small Form Factor Pluggable (XFP) and SFP+.

More notable recent ADTRAN, Inc. (NASDAQ:ADTN) news were published by: Streetinsider.com which released: “ADTRAN, Inc. (ADTN) Announces Acquisition of CommScope’s (COMM) Fiber Access …” on September 14, 2016, also Businesswire.com with their article: “ADTRAN, Inc. Reports Results for the First Quarter 2016 and Declares Quarterly …” published on April 13, 2016, Businesswire.com published: “ADTRAN, Inc. Reports Results for the Second Quarter 2016 and Declares …” on July 13, 2016. More interesting news about ADTRAN, Inc. (NASDAQ:ADTN) were released by: Equitiesfocus.com and their article: “ADTRAN, Inc. (NASDAQ:ADTN) Stock Gets Revised Target Of $19.88” published on November 22, 2016 as well as Businesswire.com‘s news article titled: “ADTRAN, Inc. Appoints Tony Melone to Board of Directors” with publication date: February 09, 2016.

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By Clifton Ray


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