Short Interest in Aviat Networks, Inc. (NASDAQ:AVNW) Expands By 13.3%

Aviat Networks, Inc. (NASDAQ:AVNW) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 765,200 shares, an increase of 13.3% from the January 15th total of 675,200 shares. Based on an average trading volume of 255,000 shares, the days-to-cover ratio is currently 3.0 days.

Institutional Trading of Aviat Networks

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC acquired a new stake in shares of Aviat Networks during the fourth quarter worth $34,000. NBC Securities Inc. acquired a new position in shares of Aviat Networks during the 3rd quarter worth about $62,000. Aquatic Capital Management LLC bought a new stake in shares of Aviat Networks in the 4th quarter valued at about $106,000. AlphaQuest LLC acquired a new stake in shares of Aviat Networks in the 4th quarter valued at approximately $133,000. Finally, Quantbot Technologies LP bought a new position in Aviat Networks during the 4th quarter worth approximately $156,000. Institutional investors and hedge funds own 78.62% of the company’s stock.

Aviat Networks Stock Down 1.2 %

Shares of AVNW opened at $22.16 on Friday. The business’s fifty day moving average price is $19.15 and its two-hundred day moving average price is $21.00. Aviat Networks has a 52 week low of $12.95 and a 52 week high of $38.85. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.29.

Aviat Networks (NASDAQ:AVNW) last announced its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.57. Aviat Networks had a positive return on equity of 4.33% and a negative net margin of 0.56%. As a group, equities analysts forecast that Aviat Networks will post 0.63 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AVNW. Lake Street Capital dropped their target price on shares of Aviat Networks from $45.00 to $27.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. StockNews.com upgraded shares of Aviat Networks from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Roth Mkm decreased their price target on Aviat Networks from $43.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, Northland Securities reissued an “outperform” rating and issued a $30.00 price objective (up previously from $27.00) on shares of Aviat Networks in a research note on Wednesday, February 5th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.60.

About Aviat Networks

Aviat Networks, Inc provides microwave networking and wireless access networking solutions in North America, Africa, the Middle East, Europe, Latin America, and the Asia Pacific. The company offers outdoor, indoor, and split-mount radios; microwave routers, switches, and trunking; and private LTE, virtual fiber, and element management products; and hosted software products, such as aviat design, frequency assurance software, and health assurance software.