Short Interest in UTStarcom Holdings Corp (NASDAQ:UTSI) Declines By 96.5%

UTStarcom Holdings Corp (NASDAQ:UTSI) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 510 shares, a decline of 96.5% from the May 31st total of 14,689 shares. Based on an average trading volume of 5,432 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of UTStarcom in a report on Tuesday, June 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, UTStarcom currently has an average rating of “Sell”.

UTStarcom Price Performance

UTSI traded down $0.10 during trading on Thursday, hitting $2.25. 67,431 shares of the company’s stock were exchanged, compared to its average volume of 173,577. UTStarcom has a 1 year low of $2.00 and a 1 year high of $3.63. The stock has a 50 day moving average price of $2.67 and a 200 day moving average price of $2.52.

UTStarcom (NASDAQ:UTSI) last issued its earnings results on Tuesday, March 24th. The Wireless communications provider reported ($0.23) EPS for the quarter. The firm had revenue of $2.17 million for the quarter.

UTStarcom Company Profile

UTStarcom, Inc (NASDAQ: UTSI) is a global provider of broadband networking and telecommunication solutions. Its product portfolio includes carrier-grade packet optical transport systems, microwave transmission equipment, mobile access radios, small cells and related software platforms. The company serves telecommunications carriers, internet service providers, enterprise networks and government agencies with end-to-end infrastructure designed to support 4G and 5G deployments, fixed broadband access and intelligent connectivity applications.

Founded in 1991, UTStarcom established its reputation in the late 1990s and early 2000s by supplying digital subscriber line access multiplexers (DSLAMs) and broadband routers to operators worldwide.