UTStarcom Holdings Corp. (NASDAQ:UTSI – Get Free Report) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 7,800 shares, an increase of 122.9% from the December 15th total of 3,500 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 5,900 shares, the days-to-cover ratio is presently 1.3 days.
Institutional Investors Weigh In On UTStarcom
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 – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & 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 about 2.72% of UTStarcom as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 1.83% of the company’s stock.
UTStarcom Stock Performance
NASDAQ UTSI remained flat at $2.74 during trading on Thursday. The company’s stock had a trading volume of 254 shares, compared to its average volume of 3,954. The firm’s fifty day moving average price is $2.74 and its 200 day moving average price is $2.78. UTStarcom has a 12-month low of $2.20 and a 12-month high of $3.30.
Analyst Ratings Changes
Get Our Latest Stock Report on UTStarcom
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.
Further Reading
- Five stocks we like better than UTStarcom
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Micron Technology: Riding the AI Wave to Long-Term Growth
- Stock Sentiment Analysis: How it Works
- 3 Cheap Small-Cap Banks for Dividend Growth Investors
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- 3 Defensive Stocks Analysts Are Bullish on to Kick Off the Year
Receive News & Ratings for UTStarcom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UTStarcom and related companies with MarketBeat.com's FREE daily email newsletter.
