UTStarcom Holdings Corp (NASDAQ:UTSI) Short Interest Down 45.9% in July

UTStarcom Holdings Corp (NASDAQ:UTSI) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 4,000 shares, adecreaseof45.9% from the July 15th total of 7,400 shares. Based on an average daily volume of 4,900 shares, the short-interest ratio is presently 0.8 days. Currently,0.1% of the shares of the company are short sold. Currently,0.1% of the shares of the company are short sold. Based on an average daily volume of 4,900 shares, the short-interest ratio is presently 0.8 days.

UTStarcom Stock Performance

Shares of UTStarcom stock opened at $2.35 on Monday. UTStarcom has a fifty-two week low of $1.84 and a fifty-two week high of $3.22. The company’s 50 day moving average price is $2.47 and its two-hundred day moving average price is $2.49.

Analysts Set New Price Targets

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

UTStarcom Company Profile

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.