Short Interest in UTStarcom Holdings Corp. (NASDAQ:UTSI) Increases By 284.6%

UTStarcom Holdings Corp. (NASDAQ:UTSI) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 10,000 shares, an increase of 284.6% from the July 15th total of 2,600 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 3,800 shares, the days-to-cover ratio is presently 2.6 days.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of UTStarcom in a research report on Tuesday, August 6th. They issued a “sell” rating for the company.

UTStarcom Trading Down 4.7 %

Shares of UTStarcom stock traded down $0.13 during trading on Monday, hitting $2.66. The stock had a trading volume of 3,651 shares, compared to its average volume of 3,610. The business has a fifty day moving average of $2.68 and a two-hundred day moving average of $2.73. UTStarcom has a fifty-two week low of $2.20 and a fifty-two week high of $3.90.

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.