UTStarcom Holdings Corp (NASDAQ:UTSI) Short Interest Update

UTStarcom Holdings Corp (NASDAQ:UTSI) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 17,962 shares, a drop of 51.7% from the July 15th total of 37,165 shares. Based on an average daily volume of 12,833 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.2% of the company’s stock are sold short.

UTStarcom Stock Up 4.4%

UTSI opened at $2.52 on Friday. UTStarcom has a twelve month low of $2.00 and a twelve month high of $3.63. The company has a fifty day simple moving average of $2.54 and a 200 day simple moving average of $2.52.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of UTStarcom in a research note on Tuesday, June 9th. One analyst has rated the stock with a Sell rating, According to MarketBeat, UTStarcom currently has a consensus rating of “Sell”.

UTStarcom Company Profile

UTStarcom, Inc (NASDAQ: UTSI) is a global provider of broadband networking and telecommunication solutions. Its product portfolio includes carrier-grade packet optical transport systems, microwave transmission equipment, mobile access radios, small cells and related software platforms. The company serves telecommunications carriers, internet service providers, enterprise networks and government agencies with end-to-end infrastructure designed to support 4G and 5G deployments, fixed broadband access and intelligent connectivity applications.

Founded in 1991, UTStarcom established its reputation in the late 1990s and early 2000s by supplying digital subscriber line access multiplexers (DSLAMs) and broadband routers to operators worldwide.