UTStarcom Holdings Corp (NASDAQ:UTSI) Short Interest Down 47.8% in July

UTStarcom Holdings Corp (NASDAQ:UTSI) saw a significant decline in short interest in 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. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 28,830 shares, the short-interest ratio is currently 1.3 days.

Analyst Upgrades and Downgrades

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

UTStarcom Price Performance

NASDAQ UTSI opened at $2.45 on Friday. The company’s 50-day simple moving average is $2.60 and its two-hundred day simple moving average is $2.52. UTStarcom has a one year low of $2.00 and a one year 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.