Adtran Inc (NASDAQ:ADTN) Shorts Strengthened By 65.16%

April 17, 2018 - By Russell Jones

ADTRAN, Inc. (NASDAQ:ADTN) Corporate Logo

During Q4 2017 the big money sentiment decreased to 1.1. That’s change of 0.42, from 2017Q3’s 1.52. 20 investors sold all, 50 reduced holdings as ADTRAN, Inc. ratio turned negative. 52 rose stakes while 25 funds amassed stakes. Funds hold 42.06 million shares thus 1.76% less from 2017Q3’s 42.82 million shares.
139,400 are held by Goldman Sachs Gru. Pub Sector Pension Invest Board reported 0% stake. Virginia Retirement System Et Al stated it has 32,100 shs or 0.01% of all its holdings. Millennium Mgmt Lc reported 424,553 shs. Keybank Natl Association Oh holds 70,100 shs. 3.07M were reported by Victory Management. 7,392 were reported by Parallax Volatility Advisers Ltd Partnership. 1,910 are held by Meeder Asset Mngmt. Nj State Employees Deferred Compensation Plan has invested 0.03% in ADTRAN, Inc. (NASDAQ:ADTN). Wells Fargo And Company Mn invested 0% in ADTRAN, Inc. (NASDAQ:ADTN). Pacad Inv Limited has invested 0.03% in ADTRAN, Inc. (NASDAQ:ADTN). The California-based California State Teachers Retirement Systems has invested 0% in ADTRAN, Inc. (NASDAQ:ADTN). Ls Advsrs Ltd Co accumulated 1,341 shs. Fuller & Thaler Asset Mgmt Inc owns 2.78 million shs. Gemmer Asset Lc holds 139 shs or 0% of its capital.

ADTRAN, Inc. had 2 selling transactions and 0 buys since October 20, 2017. This’s net activity of $1.25 million. Shares for $1.04 million were sold by Schansman Raymond R.

It was registered an increase on Adtran Inc (NASDAQ:ADTN)’s shares shorted with 65.16%. FINRA published shares shorted of ADTN’s total 1.33 million shares. The up change of 65.16% from 807,400 shares was reported. Adtran Inc (NASDAQ:ADTN) has 521,300 shares average volume. It’ll cost 3 days for ADTN to recover its previous position.

At traded at $15.55 lastly.It’s downtrending since April 17, 2017 and is 27.42% down. ADTN underperformed by 38.97% the S&P 500.

ADTRAN, Inc. provides networking and communications equipment worldwide.The firm is worth $744.91 million. The firm operates through two divisions, Network Solutions and Services & Support.31.73 is the P/E ratio. It offers access and aggregation solutions, including fiber to the premises and fiber to the node multi-service access nodes (MSAN); fiber aggregation and FTTN MSAN; fiber to the distribution point optical network units; optical line terminals; fiber access network elements; optical networking edge aggregation; and IP digital subscriber line access multiplexers.

ADTRAN, Inc. (NASDAQ:ADTN) Ratings Coverage

Total analysts of 6 have positions in Adtran (NASDAQ:ADTN) as follows: 3 rated it a “Buy”, 0 with “Sell” and 3 with “Hold”. The positive are 50%. The firm has $28.0 highest while $16.0 is the lowest [Target]. The average target $20.65 is 32.80% above the last ($15.55) price. Since October 18, 2017 according to StockzIntelligence Inc Adtran has 8 analyst reports. On Wednesday, January 17 the firm has “Hold” rating by Jefferies given. In Thursday, January 18 report Northland Capital maintained it with “Buy” rating and $23.0 target. On Wednesday, October 18 Northland Capital maintained ADTRAN, Inc. (NASDAQ:ADTN) rating. Northland Capital has “Buy” rating and $28.0 target. On Friday, January 12 the stock of ADTRAN, Inc. (NASDAQ:ADTN) has “Buy” rating given by Needham. The stock rating was maintained by Cowen & Co with “Hold” on Friday, December 29. On Tuesday, January 16 the stock has “Neutral” rating by Goldman Sachs. The company rating was maintained by Needham on Wednesday, October 18.

ADTRAN, Inc. (NASDAQ:ADTN) Analyst Ratings Chart

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