Adtran Incorporated (NASDAQ:ADTN) Could Burn Your Long Portfolio After More Shorts

October 12, 2017 - By Darrin Black

 Adtran Incorporated (NASDAQ:ADTN) Could Burn Your Long Portfolio After More Shorts

Investors sentiment decreased to 1.16 in Q2 2017. Its down 0.16, from 1.32 in 2017Q1. It worsened, as 22 investors sold ADTRAN, Inc. shares while 41 reduced holdings. 22 funds opened positions while 51 raised stakes. 41.50 million shares or 2.95% less from 42.76 million shares in 2017Q1 were reported.
Jpmorgan Chase And Com holds 0% of its portfolio in ADTRAN, Inc. (NASDAQ:ADTN) for 258,431 shares. Moreover, Boston Advsr Lc has 0.02% invested in ADTRAN, Inc. (NASDAQ:ADTN) for 34,005 shares. Aqr Management Ltd Co owns 23,302 shares. Credit Suisse Ag, Switzerland-based fund reported 55,140 shares. Morgan Stanley holds 0% or 193,111 shares in its portfolio. Pub Employees Retirement System Of Ohio, Ohio-based fund reported 6,804 shares. Price T Rowe Assoc Md has 52,911 shares. Prudential Inc owns 278,871 shares or 0.01% of their US portfolio. Alliancebernstein Limited Partnership owns 0% invested in ADTRAN, Inc. (NASDAQ:ADTN) for 70,753 shares. Bnp Paribas Arbitrage accumulated 0% or 20,854 shares. Goldman Sachs Group reported 154,028 shares. Rhumbline Advisers owns 144,848 shares or 0.01% of their US portfolio. 3.00 million were reported by Dimensional Fund Advsrs Limited Partnership. Jacobs Levy Equity Incorporated has invested 0.12% in ADTRAN, Inc. (NASDAQ:ADTN). Moreover, Natl Bank Of Montreal Can has 0% invested in ADTRAN, Inc. (NASDAQ:ADTN).

The stock of Adtran Incorporated (NASDAQ:ADTN) registered an increase of 4.97% in short interest. ADTN’s total short interest was 930,700 shares in October as published by FINRA. Its up 4.97% from 886,600 shares, reported previously. With 312,000 shares average volume, it will take short sellers 3 days to cover their ADTN’s short positions.

About 53,819 shares traded. ADTRAN, Inc. (NASDAQ:ADTN) has risen 6.95% since October 12, 2016 and is uptrending. It has underperformed by 9.75% the S&P500.

ADTRAN, Inc. is a provider of networking and communications equipment. The company has market cap of $1.16 billion. The Company’s solutions enable voice, data, video and Internet communications across a range of network infrastructures. It has a 30.28 P/E ratio. It operates through two divisions: Network Solutions and Services & Support.

ADTRAN, Inc. (NASDAQ:ADTN) Ratings Coverage

Among 9 analysts covering Adtran Inc. (NASDAQ:ADTN), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Adtran Inc. had 24 analyst reports since September 9, 2015 according to SRatingsIntel. The stock has “Buy” rating by Northland Capital on Tuesday, September 5. The stock has “Outperform” rating by Northland Capital on Monday, October 31. The stock has “Hold” rating by Drexel Hamilton on Wednesday, September 9. The stock of ADTRAN, Inc. (NASDAQ:ADTN) has “Buy” rating given on Thursday, January 21 by Needham. The stock of ADTRAN, Inc. (NASDAQ:ADTN) has “Neutral” rating given on Thursday, October 15 by M Partners. The rating was upgraded by Stifel Nicolaus on Friday, January 8 to “Buy”. The stock of ADTRAN, Inc. (NASDAQ:ADTN) earned “Buy” rating by Needham on Thursday, July 20. As per Wednesday, October 4, the company rating was maintained by Jefferies. The firm has “Hold” rating by Jefferies given on Thursday, June 1. The firm has “Market Perform” rating by Cowen & Co given on Thursday, February 4.

More recent ADTRAN, Inc. (NASDAQ:ADTN) news were published by: Multichannel.com which released: “ADTRAN Introduces 10G-EPON Remote OLTs Supporting Both DPoE and SD-Access” on October 12, 2017. Also Globenewswire.com published the news titled: “Networking and Communications Solutions Provider ADTRAN Completes Energy …” on September 19, 2017. Businesswire.com‘s news article titled: “ADTRAN, Inc. to Release Third Quarter Earnings on October 17, 2017” with publication date: October 03, 2017 was also an interesting one.

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