UTStarcom Holdings Corp. (NASDAQ:UTSI – Get Free Report) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 14,200 shares, an increase of 153.6% from the February 28th total of 5,600 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 3,900 shares, the short-interest ratio is currently 3.6 days.
Institutional Investors Weigh In On 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) during the 3rd quarter, according to its most recent Form 13F filing with the 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 filing with the SEC. 1.83% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, StockNews.com initiated coverage on shares of UTStarcom in a research report on Wednesday. They issued a “sell” rating on the stock.
UTStarcom Price Performance
NASDAQ:UTSI opened at $2.38 on Friday. The stock has a 50 day simple moving average of $2.57 and a 200 day simple moving average of $2.72. UTStarcom has a 1-year low of $2.20 and a 1-year high of $3.22.
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.
Read More
- Five stocks we like better than UTStarcom
- Learn Technical Analysis Skills to Master the Stock Market
- 4 Healthcare Stocks With Massive Gains—and More to Come
- What is Put Option Volume?
- Affirm Strikes Back: Can a New Deal Mitigate the Recent Loss?
- Investing in Construction Stocks
- Why Dollar Tree’s Family Dollar Sale Could Spark a Comeback
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.
