A10 Networks (ATEN) : Traders are negative on A10 Networks (ATEN), as it has 1.8% of short positions outstanding compared to its float. The total shorts have reduced by -123,908 shares, which is a -13.5% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,919,027 to 795,119 shares. While the daily trading volume of the stock is 560,329, there are 1 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
A10 Networks (NYSE:ATEN): The stock opened at $9.71 on Wednesday but the bulls could not build on the opening and the stock topped out at $9.85 for the day. The stock traded down to $9.57 during the day, due to lack of any buying support eventually closed down at $9.66 with a loss of -1.13% for the day. The stock had closed at $9.77 on the previous day. The total traded volume was 702,456 shares.
In a related news, The Securities and Exchange Commission has divulged that Cochran Robert D, director officer (VP, Legal & Corp Collaboration) of A10 Networks, Inc., had unloaded 25,000 shares at an average price of $7.86 in a transaction dated on August 5, 2016. The total value of the transaction was worth $196,500.
A10 Networks, Inc. (A10) is a provider of advanced application networking technologies. The Companys products are built on its Advanced Core Operating System (ACOS). Its offers three software -based advanced application networking solutions. These are Application Delivery Controllers (ADCs), which can optimize data center performance; Carrier Grade Networking products (CGN), which provides address and protocol translation services for service provider networks, and Distributed Denial of Service Threat Protection System (TPS) for network-wide security protection. The Company delivers these solutions both on optimized hardware appliances and as virtual appliances across its Thunder Series and AX Series product families. The Company offers its solutions to enterprises, service providers, Web giants and Government organizations.