Aviat Networks Sees Large Decrease in Short Interest (AVNW)
Aviat Networks (NASDAQ:AVNW) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totalling 824,140 shares, a decline of 19.0% from the July 15th total of 1,018,065 shares, American Banking News reports. Approximately 1.4% of the shares of the company are sold short. Based on an average daily volume of 298,548 shares, the short-interest ratio is presently 2.8 days.
Shares of Aviat Networks (NASDAQ:AVNW) opened at 1.32 on Monday. Aviat Networks has a one year low of $0.99 and a one year high of $2.82. The stock’s 50-day moving average is $1.27 and its 200-day moving average is $1.46. The company’s market cap is $82.0 million.
Aviat Networks, Inc(NASDAQ:AVNW) together with its subsidiaries, is a global supplier of microwave networking solutions.
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