UTStarcom Holdings Corp (NASDAQ:UTSI) Short Interest Update

UTStarcom Holdings Corp (NASDAQ:UTSI) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 37,165 shares, a decline of 47.8% from the June 30th total of 71,142 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 28,830 shares, the short-interest ratio is presently 1.3 days.

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 equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, UTStarcom currently has a consensus rating of “Sell”.

UTStarcom Price Performance

Shares of UTSI stock opened at $2.32 on Thursday. The stock has a 50 day simple moving average of $2.60 and a 200-day simple moving average of $2.52. UTStarcom has a 12-month low of $2.00 and a 12-month high of $3.63.

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.