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

UTStarcom Holdings Corp. (NASDAQ:UTSI) was the recipient of a significant 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. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 6,200 shares, the short-interest ratio is presently 2.4 days.

UTStarcom Trading Down 0.3 %

UTSI stock traded down $0.01 during trading on Friday, hitting $2.99. 367 shares of the stock traded hands, compared to its average volume of 4,305. UTStarcom has a one year low of $2.20 and a one year high of $3.66. The company has a 50 day simple moving average of $2.87 and a 200 day simple moving average of $2.78.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on UTStarcom in a research note on Tuesday. They set a “sell” rating for the company.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in UTStarcom stock. Garden State Investment Advisory Services LLC purchased a new stake in shares of UTStarcom Holdings Corp. (NASDAQ:UTSI) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 256,341 shares of the Wireless communications provider’s stock, valued at approximately $795,000. Garden State Investment Advisory Services LLC owned approximately 2.72% of UTStarcom at the end of the most recent reporting period. 1.83% of the stock is currently owned by institutional investors.

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.