UTStarcom Holdings Corp (NASDAQ:UTSI) Short Interest Update

UTStarcom Holdings Corp (NASDAQ:UTSI) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 510 shares, a decrease of 96.5% from the May 31st total of 14,689 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 5,432 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of UTStarcom in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

UTStarcom Price Performance

UTSI opened at $2.25 on Friday. UTStarcom has a 52 week low of $2.00 and a 52 week high of $3.63. The business’s fifty day simple moving average is $2.66 and its 200 day simple moving average is $2.52.

UTStarcom (NASDAQ:UTSI) last released its quarterly earnings results on Tuesday, March 24th. The Wireless communications provider reported ($0.23) earnings per share for the quarter. The business had revenue of $2.17 million during the quarter.

About UTStarcom

UTStarcom, Inc (NASDAQ: UTSI) is a global provider of broadband networking and telecommunication solutions. Its product portfolio includes carrier-grade packet optical transport systems, microwave transmission equipment, mobile access radios, small cells and related software platforms. The company serves telecommunications carriers, internet service providers, enterprise networks and government agencies with end-to-end infrastructure designed to support 4G and 5G deployments, fixed broadband access and intelligent connectivity applications.

Founded in 1991, UTStarcom established its reputation in the late 1990s and early 2000s by supplying digital subscriber line access multiplexers (DSLAMs) and broadband routers to operators worldwide.