Acacia Communications Inc (NASDAQ:ACIA) Shorts Strengthened By 0.59% As Of Apr 17, 2018

April 17, 2018 - By Theresa Judd

It was noted an increase on Acacia Communications Inc (NASDAQ:ACIA)’s short interest with 0.59%. In April was announced ACIA’s total 6.53M short interest by FINRA. The up change of 0.59% from 6.49 million shares was reported. With Average volume 463,600, ACIA’s former position will take 14 days to restore. Float short on Acacia Communications Inc is 27.14%.

The stock decreased 35.97% or $14.4 during the last trading session, reaching $25.63.Acacia Communications, Inc. is downtrending after having declined 30.95% since April 17, 2017. ACIA has 12.81M volume or 1643.50% up from normal. ACIA underperformed the S&P 500 by 42.50%.

Acacia Communications, Inc. develops, makes, and sells high-speed coherent optical interconnect products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific region.The firm is valued at $1.03 billion. The Company’s products include a series of low-power coherent digital signal processors application-specific integrated circuits and silicon photonic integrated circuits integrated into families of optical interconnect modules with transmission speeds ranging from 100 to 400 gigabits per second for use in long-haul, metro, and inter-data center markets.27.86 is the P/E ratio. The firm sells its products through a direct sales force to network equipment manufacturers.

Acacia Communications, Inc. (NASDAQ:ACIA) Analyst Ratings Chart

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