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

UTStarcom Holdings Corp. (NASDAQ:UTSI) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 14,200 shares, a growth of 153.6% from the February 28th total of 5,600 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 3,900 shares, the days-to-cover ratio is presently 3.6 days.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of UTStarcom in a research report on Wednesday. They issued a “sell” rating for the company.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in UTStarcom stock. Garden State Investment Advisory Services LLC purchased a new stake in shares of UTStarcom Holdings Corp. (NASDAQ:UTSI) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. 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 about 2.72% of UTStarcom at the end of the most recent reporting period. Institutional investors own 1.83% of the company’s stock.

UTStarcom Trading Down 0.8 %

UTStarcom stock opened at $2.38 on Thursday. The stock has a 50-day simple moving average of $2.58 and a 200 day simple moving average of $2.73. UTStarcom has a 52 week low of $2.20 and a 52 week high of $3.22.

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.