UTStarcom Holdings Corp. (NASDAQ:UTSI – Get Rating) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 900 shares, a growth of 800.0% from the March 31st total of 100 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 2,600 shares, the short-interest ratio is presently 0.3 days.
Hedge Funds Weigh In On UTStarcom
An institutional investor recently bought a new position in UTStarcom stock. Susquehanna International Group LLP bought a new position in UTStarcom Holdings Corp. (NASDAQ:UTSI – Get Rating) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,113 shares of the Wireless communications provider's stock, valued at approximately $43,000. Susquehanna International Group LLP owned approximately 0.13% of UTStarcom as of its most recent SEC filing. Institutional investors own 3.14% of the company's stock.
Get UTStarcom alerts:UTStarcom Stock Performance
NASDAQ UTSI opened at $3.73 on Friday. The company has a 50-day simple moving average of $4.11 and a 200 day simple moving average of $4.17. UTStarcom has a 52-week low of $2.44 and a 52-week high of $5.03.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on shares of UTStarcom in a report on Saturday, April 22nd. They set a "sell" rating for the company.
UTStarcom Company Profile
(Get Rating)
UTStarcom Holdings Corp. is a telecom infrastructure company, which develops technology for cloud-based services, mobile, streaming, and other applications. It operates through the following segments: Equipment, and Services. The Equipment segment focuses on equipment sales including network infrastructure and application products, which include broadband products, wireless infrastructure technologies.
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