UTStarcom Holdings Corp. (NASDAQ:UTSI) Short Interest Down 40.4% in November

Posted by Tech Dows on Dec 14th, 2024

UTStarcom Holdings Corp. (NASDAQ:UTSI – Get Free Report) was the target of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 8,700 shares, a decrease of 40.4% from the November 15th total of 14,600 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 6,900 shares, the short-interest ratio is presently 1.3 days.

Analyst Ratings Changes

Separately, StockNews.com started coverage on UTStarcom in a report on Thursday. They issued a “sell” rating for the company.

Get Our Latest Analysis on UTSI

Institutional Trading of UTStarcom

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 third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 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 as of its most recent SEC filing. 1.83% of the stock is currently owned by institutional investors.

UTStarcom Price Performance

Shares of NASDAQ:UTSI remained flat at $2.64 during midday trading on Friday. The stock had a trading volume of 342 shares, compared to its average volume of 10,306. The company has a 50-day simple moving average of $2.82 and a two-hundred day simple moving average of $2.77. UTStarcom has a 52-week low of $2.20 and a 52-week high of $3.54.

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.