Vecima Networks Inc. (OTCMKTS:VNWTF) Stock Short Interest Rises 109.5%

Vecima Networks Inc. (OTCMKTS:VNWTF) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 2,097 shares, an increase of 109.5% from the September 15th total of 1,001 shares. Based on an average daily trading volume, of 783 shares, the days-to-cover ratio is currently 2.7 days.

Vecima Networks Trading Up 0.1%

OTCMKTS VNWTF opened at $9.58 on Thursday. The company has a 50 day moving average of $9.04 and a 200-day moving average of $9.28. Vecima Networks has a 1-year low of $6.59 and a 1-year high of $10.38.

Analyst Upgrades and Downgrades

Separately, B. Riley Financial reiterated 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 MarketBeat, the company has an average rating of “Buy”.

Vecima Networks Company Profile

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.