Vecima Networks Inc. (OTCMKTS:VNWTF) Shares Shorted: Short Interest Up 228.1% in October

Vecima Networks Inc. (OTCMKTS:VNWTF) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 6,880 shares, a growth of 228.1% from the September 30th total of 2,097 shares. Based on an average daily trading volume, of 3,583 shares, the short-interest ratio is presently 1.9 days.

Analyst Ratings Changes

Separately, B. Riley Financial reissued a “buy” rating on shares of Vecima Networks in a research report on Friday, September 25th. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Vecima Networks Stock Performance

Shares of VNWTF stock opened at $9.58 on Friday. Vecima Networks has a 12-month low of $6.59 and a 12-month high of $10.38. The firm’s 50 day moving average is $9.14 and its 200 day moving average is $9.01.

About Vecima Networks

Vecima Networks Inc is a Canadian technology company that develops broadband access, network infrastructure and video delivery solutions for communications service providers. Its products are designed to help operators build and manage high-speed cable, fiber and wireless networks, deliver video services, and support the transition to more distributed network architectures.

The company’s portfolio has included cable broadband equipment, DOCSIS and distributed access platforms, fiber access solutions, network-edge systems, video processing and content delivery technologies.