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

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

Analyst Ratings Changes

Separately, Weiss Ratings reissued 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, Based on data from MarketBeat, the stock has an average rating of “Sell”.

UTStarcom Trading Up 1.8%

UTStarcom stock opened at $2.52 on Monday. UTStarcom has a 12-month low of $2.00 and a 12-month high of $3.63. The firm has a 50 day simple moving average of $2.54 and a 200-day simple moving average of $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.