Adept Technology Short Interest Down 46.4% in May (ADEP)
Shares of Adept Technology (NASDAQ:ADEP) were the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 359,505 shares, a decrease of 46.4% from the April 30th total of 670,879 shares, Analyst Ratings Network reports. Currently, 3.2% of the shares of the company are short sold. Based on an average daily volume of 417,135 shares, the days-to-cover ratio is currently 0.9 days.
Shares of Adept Technology (NASDAQ:ADEP) opened at 11.34 on Thursday. Adept Technology has a 52-week low of $3.11 and a 52-week high of $21.90. The stock has a 50-day moving average of $12.09 and a 200-day moving average of $14.77. The company’s market cap is $148.0 million.
Adept Technology, Inc (NASDAQ:ADEP) provides robotics systems and services helping its customers in their assembly, handling, packaging, testing, warehousing, logistics and other automated processes, in both fixed repetitive and unstructured environments.
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