UTStarcom Holdings Corp (NASDAQ:UTSI) Stock Short Interest Report for October

UTStarcom Holdings Corp (NASDAQ:UTSI) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 3,280 shares, a decrease of 47.8% from the September 30th total of 6,279 shares. Based on an average trading volume of 4,037 shares, the short-interest ratio is presently 0.8 days. Currently, 0.0% of the shares of the company are short sold.

Insider Activity at UTStarcom

In related news, Director Sean Shao sold 14,533 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $2.38, for a total transaction of $34,588.54. Following the transaction, the director directly owned 10,000 shares of the company’s stock, valued at approximately $23,800. This trade represents a 59.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of UTStarcom in a report on Friday, September 4th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

UTStarcom Price Performance

Shares of NASDAQ:UTSI opened at $2.23 on Friday. UTStarcom has a 1 year low of $2.00 and a 1 year high of $3.63. The business’s 50 day simple moving average is $2.30 and its 200 day simple moving average is $2.46.

UTStarcom Company Profile

UTStarcom Holdings Corp. (NASDAQ: UTSI) is a telecommunications equipment and solutions provider serving communications service providers and other network operators. The company develops and supplies infrastructure used to deliver broadband, voice, video, and data services over fixed and wireless networks.

Its product offerings have included broadband access equipment, Internet Protocol (IP) networking systems, optical transport platforms, mobile and broadband backhaul solutions, and related network management software and services.