Can Aviat Networks Inc (NASDAQ:AVNW)’s Tomorrow Be Different? The Stock Had Decline in Shorts

May 17, 2018 - By Clifton Ray

Aviat Networks, Inc. (NASDAQ:AVNW) Logo

The stock of Aviat Networks Inc (NASDAQ:AVNW) registered a decrease of 3.41% in short interest. AVNW’s total short interest was 8,500 shares in May as published by FINRA. Its down 3.41% from 8,800 shares, reported previously. With 10,900 shares average volume, it will take short sellers 1 days to cover their AVNW’s short positions. The short interest to Aviat Networks Inc’s float is 0.24%.

The stock increased 0.06% or $0.01 during the last trading session, reaching $18.12. About 253 shares traded. Aviat Networks, Inc. (NASDAQ:AVNW) has risen 9.87% since May 17, 2017 and is uptrending. It has underperformed by 1.68% the S&P500.

Aviat Networks, Inc. designs, manufactures, and sells a range of wireless networking products, solutions, and services worldwide. The company has market cap of $96.78 million. The Company’s products include broadband wireless access base stations and customer premises equipment for fixed and mobile; and point-to-point digital microwave transmission systems designed for first/last mile access, middle mile/backhaul, and long distance trunking applications, as well as support new network deployments, network expansion, and capacity upgrades. It has a 38.64 P/E ratio. The firm also offers network management software solutions, which enable operators to deploy, monitor, and manage its systems, as well as third party equipment, such as antennas, routers, optical transmission equipment, and other equipment to build and deploy telecommunications transmission network.

More notable recent Aviat Networks, Inc. (NASDAQ:AVNW) news were published by: Prnewswire.com which released: “Aviat Networks Announces Fiscal 2018 Third Quarter and Nine-Month Financial Results” on May 14, 2018, also Streetinsider.com with their article: “Aviat Networks (AVNW) Announces $7.5M Stock Repurchase Program” published on May 15, 2018, Prnewswire.com published: “Aviat Networks Sets Date for its Fiscal 2018 Third Quarter and Nine-Month Results” on May 07, 2018. More interesting news about Aviat Networks, Inc. (NASDAQ:AVNW) were released by: Prnewswire.com and their article: “Aviat Networks to Present at the B. Riley FBR and Ladenburg Thalmann Investor Conferences” published on May 16, 2018 as well as Digitaljournal.com‘s news article titled: “Aviat Networks, Inc. to Host Earnings Call” with publication date: May 14, 2018.

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