UTStarcom Holdings Corp. (NASDAQ:UTSI – Get Free Report) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 5,100 shares, a decline of 26.1% from the May 31st total of 6,900 shares. Based on an average trading volume of 4,200 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.2% of the company’s shares are sold short.
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on UTStarcom in a research note on Thursday. They set a “sell” rating on the stock.
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.
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