Short Interest in UTStarcom Holdings Corp (NASDAQ:UTSI) Expands By 13,849.4%

UTStarcom Holdings Corp (NASDAQ:UTSI) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 71,142 shares, a growth of 13,849.4% from the June 15th total of 510 shares. Based on an average daily volume of 1,836,709 shares, the short-interest ratio is presently 0.0 days. Currently, 0.8% of the company’s stock are sold short.

Wall Street Analyst Weigh In

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

UTStarcom Stock Up 0.8%

Shares of UTSI stock traded up $0.02 on Friday, reaching $2.49. The stock had a trading volume of 12,844 shares, compared to its average volume of 981,675. UTStarcom has a 12 month low of $2.00 and a 12 month high of $3.63. The firm’s 50-day moving average is $2.65 and its two-hundred day moving average is $2.52.

About UTStarcom

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.