Short Interest in Adept Technology Declines By 21.8% (ADEP)
Adept Technology (NASDAQ:ADEP) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totalling 457,873 shares, a decline of 21.8% from the June 13th total of 585,666 shares, AnalystRatings.Net reports. Currently, 4.0% of the company’s stock are short sold. Based on an average trading volume of 274,687 shares, the short-interest ratio is presently 1.7 days.
Adept Technology (NASDAQ:ADEP) opened at 9.32 on Tuesday. Adept Technology has a one year low of $3.11 and a one year high of $21.90. The stock has a 50-day moving average of $10.53 and a 200-day moving average of $14.41. The company’s market cap is $121.6 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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