UTStarcom Holdings Corp. (NASDAQ:UTSI – Get Free Report) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 7,800 shares, an increase of 122.9% from the December 31st total of 3,500 shares. Based on an average trading volume of 5,900 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.2% of the shares of the company are sold short.
Institutional Trading of UTStarcom
An institutional investor recently bought a new position in UTStarcom stock. Garden State Investment Advisory Services LLC purchased a new stake in UTStarcom Holdings Corp. (NASDAQ:UTSI – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing 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 2.72% of UTStarcom at the end of the most recent quarter. 1.83% of the stock is currently owned by institutional investors and hedge funds.
UTStarcom Stock Performance
Shares of UTSI opened at $2.58 on Friday. UTStarcom has a 12 month low of $2.20 and a 12 month high of $3.30. The stock has a fifty day moving average price of $2.76 and a 200 day moving average price of $2.79.
Wall Street Analysts Forecast Growth
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.
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