UTStarcom Holdings Corp (NASDAQ:UTSI) Sees Significant Growth in Short Interest

UTStarcom Holdings Corp (NASDAQ:UTSI) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 7,400 shares, anincreaseof825.0% from the June 30th total of 800 shares. Approximately0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,400 shares, the short-interest ratio is currently 1.7 days. Based on an average daily trading volume, of 4,400 shares, the short-interest ratio is currently 1.7 days. Approximately0.2% of the shares of the stock are short sold.

UTStarcom Price Performance

UTStarcom stock opened at $2.35 on Friday. The company’s 50-day moving average price is $2.51 and its two-hundred day moving average price is $2.52. UTStarcom has a 52 week low of $1.84 and a 52 week high of $3.22.

Wall Street Analyst Weigh In

Separately, Wall Street Zen began coverage on shares of UTStarcom in a research note on Wednesday, May 21st. They set a “sell” rating on the stock.

About UTStarcom

UTStarcom Holdings Corp. operates as a telecom infrastructure provider to develop technology for bandwidth from cloud-based services, mobile, streaming, and other applications in China, India, Japan, and internationally. Its products include converged packet transport, disaggregated router platform, packet transport network, packet aggregation network, multi-services access network, fiber to the X, carrier Wi-Fi solutions, and software defined network controller products.