Vecima Networks Inc. (OTCMKTS:VNWTF – Get Free Report) saw 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 trading volume of 3,583 shares, the short-interest ratio is presently 1.9 days.
Wall Street Analysts Forecast Growth
Separately, B. Riley Financial restated a “buy” rating on shares of Vecima Networks in a research report on Friday, September 25th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.
Get Our Latest Research Report on Vecima Networks
Vecima Networks Price Performance
Shares of Vecima Networks stock opened at $9.58 on Friday. Vecima Networks has a 1 year low of $6.59 and a 1 year high of $10.38. The company’s fifty day moving average is $9.13 and its two-hundred day moving average is $9.00.
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.
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