UTStarcom Holdings Corp. (NASDAQ:UTSI – Get Free Report) was the target of a significant decline in short interest in 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 daily trading volume, of 4,200 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.2% of the shares of the stock are sold short.
Wall Street Analyst Weigh In
Separately, StockNews.com started coverage on UTStarcom in a report on Thursday. They issued a “sell” rating for the company.
Check Out Our Latest Research Report on UTSI
UTStarcom Stock 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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