UTStarcom Holdings Corp. (NASDAQ:UTSI – Get Free Report) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 7,700 shares, a drop of 45.4% from the September 15th total of 14,100 shares. Based on an average trading volume of 5,600 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.2% of the company’s shares are sold short.
Wall Street Analyst Weigh In
Separately, StockNews.com initiated coverage on UTStarcom in a research report on Wednesday. They issued a “sell” rating for the company.
View Our Latest Analysis on UTStarcom
UTStarcom Price Performance
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.
Read More
- Five stocks we like better than UTStarcom
- Stock Splits, Do They Really Impact Investors?
- Why Fastenal Stock Could Hit New Highs After Strong Q3 Results
- How Can Investors Benefit From After-Hours Trading
- Why Eli Lilly Stock Is Soaring—and How It Plans to Stay on Top
- 3 Warren Buffett Stocks to Buy Now
- 3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside
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.