UTStarcom Holdings Corp (NASDAQ:UTSI) Short Interest Update

UTStarcom Holdings Corp (NASDAQ:UTSI) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 510 shares, a decrease of 96.5% from the May 31st total of 14,689 shares. Based on an average daily trading volume, of 5,432 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

UTStarcom Trading Up 6.2%

NASDAQ UTSI opened at $2.39 on Friday. UTStarcom has a fifty-two week low of $2.00 and a fifty-two week high of $3.63. The stock has a 50 day simple moving average of $2.66 and a two-hundred day simple moving average of $2.52.

UTStarcom (NASDAQ:UTSI) last issued its quarterly earnings data on Tuesday, March 24th. The Wireless communications provider reported ($0.23) earnings per share for the quarter. The firm had revenue of $2.17 million during the quarter.

Analysts Set New Price Targets

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