UTStarcom Holdings Corp. (NASDAQ:UTSI – Get Free Report) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 14,600 shares, an increase of 231.8% from the October 31st total of 4,400 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 6,200 shares, the days-to-cover ratio is currently 2.4 days.
Institutional Investors Weigh In On UTStarcom
An institutional investor recently bought a new position in UTStarcom stock. Garden State Investment Advisory Services LLC purchased a new position in shares of UTStarcom Holdings Corp. (NASDAQ:UTSI – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 at the end of the most recent quarter. Institutional investors and hedge funds own 1.83% of the company’s stock.
UTStarcom Trading Up 1.0 %
UTSI opened at $3.00 on Thursday. The business’s 50-day simple moving average is $2.86 and its 200 day simple moving average is $2.78. UTStarcom has a 52-week low of $2.20 and a 52-week high of $3.70.
Wall Street Analysts Forecast Growth
Read Our Latest 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.
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