Short Interest in UTStarcom Holdings Corp (NASDAQ:UTSI) Drops By 51.7%

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of UTStarcom in a research report on Tuesday, June 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

UTStarcom Trading Up 4.4%

Shares of UTSI opened at $2.52 on Friday. The stock has a 50 day moving average of $2.54 and a 200-day moving average of $2.52. UTStarcom has a 52 week low of $2.00 and a 52 week high of $3.63.

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.