Ceragon Networks LTD. – Ordinary Shares (NASDAQ:CRNT) Shorted Shares Decreased By 0.23%

May 24, 2018 - By Adrian Mccoy

Ceragon Networks Ltd. (NASDAQ:CRNT) Logo

The stock of Ceragon Networks LTD. – Ordinary Shares (NASDAQ:CRNT) registered a decrease of 0.23% in short interest. CRNT’s total short interest was 354,600 shares in May as published by FINRA. Its down 0.23% from 355,400 shares, reported previously. With 207,500 shares average volume, it will take short sellers 2 days to cover their CRNT’s short positions. The short interest to Ceragon Networks LTD. – Ordinary Shares’s float is 0.58%.

The stock increased 0.64% or $0.02 during the last trading session, reaching $3.13. About 233,603 shares traded. Ceragon Networks Ltd. (NASDAQ:CRNT) has declined 18.43% since May 24, 2017 and is downtrending. It has underperformed by 29.98% the S&P500.

Ceragon Networks Ltd. provides wireless backhaul solutions that enable cellular operators and other wireless service providers to deliver voice, data, and multimedia services worldwide. The company has market cap of $244.58 million. The Company’s wireless backhaul solutions use microwave technology to transfer telecommunication traffic between base stations, small sells, and the core of the service providerÂ’s network. It has a 16.47 P/E ratio. The firm also provides wireless fronthaul solutions that use microwave technology for communication between LTE/LTE-advanced base band digital unit stations and remote radio heads.

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