Short Interest in UTStarcom Holdings Corp. (NASDAQ:UTSI) Increases By 95.8%

UTStarcom Holdings Corp. (NASDAQ:UTSI) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 14,100 shares, an increase of 95.8% from the August 31st total of 7,200 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 5,000 shares, the short-interest ratio is presently 2.8 days.

UTStarcom Price Performance

Shares of NASDAQ UTSI opened at $3.00 on Friday. The stock has a fifty day moving average price of $2.76 and a 200 day moving average price of $2.72. UTStarcom has a 1-year low of $2.20 and a 1-year high of $3.79.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on UTStarcom in a research report on Monday, September 23rd. They set a “sell” rating for the company.

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.