UTStarcom Holdings Corp (NASDAQ:UTSI) Sees Large Decrease in Short Interest

UTStarcom Holdings Corp (NASDAQ:UTSI) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 2,300 shares, a decline of 76.3% from the August 31st total of 9,700 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 6,600 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 6,600 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

UTStarcom Stock Performance

UTSI opened at $2.47 on Friday. The business has a fifty day simple moving average of $2.42 and a 200 day simple moving average of $2.46. UTStarcom has a 1 year low of $1.84 and a 1 year high of $3.22.

UTStarcom Company Profile

UTStarcom Holdings Corp. operates as a telecom infrastructure provider to develop technology for bandwidth from cloud-based services, mobile, streaming, and other applications in China, India, Japan, and internationally. Its products include converged packet transport, disaggregated router platform, packet transport network, packet aggregation network, multi-services access network, fiber to the X, carrier Wi-Fi solutions, and software defined network controller products.