UTStarcom Holdings Corp. (NASDAQ:UTSI) Short Interest Update

Posted by Sean Solarzano on Nov 27th, 2024

UTStarcom Holdings Corp. (NASDAQ:UTSI – Get Free Report) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 14,600 shares, a growth of 231.8% from the October 31st total of 4,400 shares. Based on an average daily trading volume, of 6,200 shares, the short-interest ratio is presently 2.4 days. Currently, 0.4% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of UTStarcom in a research report on Tuesday. They set a “sell” rating on the stock.

Check Out Our Latest Research Report on UTSI

UTStarcom Price Performance

Shares of NASDAQ UTSI traded down $0.07 during midday trading on Wednesday, reaching $2.90. 1,330 shares of the company’s stock traded hands, compared to its average volume of 4,313. The stock’s 50 day simple moving average is $2.86 and its 200-day simple moving average is $2.78. UTStarcom has a one year low of $2.20 and a one year high of $3.70.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in UTStarcom stock. Garden State Investment Advisory Services LLC bought a new position in shares of UTStarcom Holdings Corp. (NASDAQ:UTSI – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 256,341 shares of the Wireless communications provider’s stock, valued at approximately $795,000. Garden State Investment Advisory Services LLC owned about 2.72% of UTStarcom at the end of the most recent reporting period. 1.83% of the stock is currently owned by institutional investors and hedge funds.

UTStarcom Company Profile

(Get Free Report)

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.