Acacia Communications Inc (NASDAQ:ACIA) Sellers Declined By 16.64% Their Shorts

It was reported a decrease on Acacia Communications Inc (NASDAQ:ACIA)’s short interest with 16.64%. In December was issued ACIA’s total 3.31M short interest by FINRA. The 3.97 million previous shares are down with 16.64%. Acacia Communications Inc (NASDAQ:ACIA) has 703,000 shares average volume. It’ll cost 5 days for ACIA to recover its former position. Acacia Communications Inc’s short interest float is 11.58%.

The stock decreased 6.29% or $2.66 during the last trading session, touching $39.62.Acacia Communications, Inc. has 733,403 shares volume, 23.62% up from normal. ACIA is downtrending and has moved 13.26% since December 8, 2017. ACIA underperformed by 28.88% the S&P500.

Acacia Communications, Inc. develops, makes, and sells high-speed coherent optical interconnect products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific region.The firm is worth $1.60 billion. The Company’s products include a series of low-power coherent digital signal processors application-specific integrated circuits and silicon photonic integrated circuits integrated into families of optical interconnect modules with transmission speeds ranging from 100 to 400 gigabits per second for use in long-haul, metro, and inter-data center markets.Last it reported negative earnings. The firm sells its products through a direct sales force to network equipment manufacturers.

For more Acacia Communications, Inc. (NASDAQ:ACIA) news released briefly go to: Benzinga.com, Globenewswire.com, Nasdaq.com, Seekingalpha.com or Globenewswire.com. The titles are as follows: “Optical Stocks Under Pressure After US Bans Sales To ZTE (ACIA)(LITE)(FNSR)(AAOI) – Benzinga” released on April 16, 2018, “Acacia Communications Named “Best 5G Architecture and Deep-Fiber Framework” Provider – GlobeNewswire” on July 09, 2018, “Why Acacia Communications, Inc. Fell 27% in April – Nasdaq” with a publish date: May 10, 2018, “Finisar up, II-VI down: Analysts react to buyout deal – Seeking Alpha” and the last “Acacia Introduces Coherent ZR Optics Solutions for CFP and CFP2 Pluggable Modules – GlobeNewswire” with publication date: June 25, 2018.

Acacia Communications, Inc. (NASDAQ:ACIA) Analyst Ratings Chart

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