Vecima Networks Inc. (OTCMKTS:VNWTF) Sees Significant Growth in Short Interest

Vecima Networks Inc. (OTCMKTS:VNWTF) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 3,200 shares, a growth of 68.4% from the September 30th total of 1,900 shares. Based on an average daily volume of 400 shares, the short-interest ratio is presently 8.0 days. Based on an average daily volume of 400 shares, the short-interest ratio is presently 8.0 days.

Analyst Upgrades and Downgrades

Separately, B. Riley reissued a “buy” rating on shares of Vecima Networks in a research report on Friday, September 26th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, Vecima Networks currently has an average rating of “Buy”.

Vecima Networks Price Performance

VNWTF stock opened at $7.44 on Friday. The business has a fifty day moving average price of $7.37 and a 200 day moving average price of $7.26. Vecima Networks has a fifty-two week low of $6.48 and a fifty-two week high of $12.97.

About Vecima Networks

Vecima Networks Inc engages in the development of integrated hardware and software solutions for broadband access, content delivery, and telematics. The company operates through three segments: Video and Broadband Solutions, Content Delivery and Storage, and Telematics. The Video and Broadband Solutions segment offers platforms that process data from the cable network and deliver high-speed internet connectivity to homes over cable and fiber, as well as adapt video services.