Utstarcom Holdings Corp – Ordinary Shares (NASDAQ:UTSI) Could Burn Your Long Portfolio After More Shorts

March 14, 2018 - By Dolores Ford

 Utstarcom Holdings Corp   Ordinary Shares (NASDAQ:UTSI) Could Burn Your Long Portfolio After More Shorts

Investors sentiment decreased to 1 in 2017 Q3. Its down 1.40, from 2.4 in 2017Q2. It dropped, as 2 investors sold UTStarcom Holdings Corp. shares while 4 reduced holdings. 3 funds opened positions while 3 raised stakes. 2.02 million shares or 3.33% less from 2.09 million shares in 2017Q2 were reported.
Advisory Network Ltd Liability Corporation reported 3,529 shares. Deutsche Fincl Bank Ag holds 0% of its portfolio in UTStarcom Holdings Corp. (NASDAQ:UTSI) for 102,109 shares. Bridgeway Cap Mngmt Incorporated holds 0% or 48,600 shares in its portfolio. Wells Fargo And Mn holds 0% or 2 shares in its portfolio. National Bank & Trust Of America De holds 40 shares or 0% of its portfolio. Geode Capital Mngmt Limited Co holds 21,290 shares. California Public Employees Retirement Systems reported 0% stake. Citadel Advisors Ltd Liability Com has 13,828 shares for 0% of their portfolio. Morgan Stanley holds 0% or 400 shares. 1.03M were accumulated by Renaissance Tech Llc. 20,683 were accumulated by Northern. Guggenheim Ltd accumulated 11,870 shares or 0% of the stock. Spark Ltd Llc owns 48,700 shares. Macquarie Gru Incorporated, a Australia-based fund reported 123,731 shares. 17 were accumulated by Barclays Public Ltd Com.

The stock of Utstarcom Holdings Corp – Ordinary Shares (NASDAQ:UTSI) registered an increase of 27.94% in short interest. UTSI’s total short interest was 89,300 shares in March as published by FINRA. Its up 27.94% from 69,800 shares, reported previously. With 109,900 shares average volume, it will take short sellers 1 days to cover their UTSI’s short positions. The short interest to Utstarcom Holdings Corp – Ordinary Shares’s float is 0.58%.

The stock decreased 1.47% or $0.08 during the last trading session, reaching $5.35. About 105,883 shares traded. UTStarcom Holdings Corp. (NASDAQ:UTSI) has risen 6.47% since March 14, 2017 and is uptrending. It has underperformed by 10.23% the S&P500.

UTStarcom Holdings Corp., together with its subsidiaries, operates as a telecom infrastructure well-known provider to develop technology for bandwidth from cloud services, mobile, streaming, and other applications. The company has market cap of $189.66 million. The firm offers broadband packet optical transport and wireless/fixed-line access products and solutions. It has a 27.16 P/E ratio. It focuses on delivering carrier-class broadband transport and access products and solutions optimized for mobile backhaul, metro aggregation, broadband access, and Wi-Fi data offloading.

More notable recent UTStarcom Holdings Corp. (NASDAQ:UTSI) news were published by: Globenewswire.com which released: “UTStarcom to Announce Fourth Quarter and Full Year 2016 Financial Results on …” on February 28, 2017, also Globenewswire.com with their article: “UTStarcom Holdings Corp. Special Committee Retains Financial Advisor and Legal …” published on April 19, 2017, Marketwatch.com published: “UTStarcom Holdings Corp.” on March 31, 2017. More interesting news about UTStarcom Holdings Corp. (NASDAQ:UTSI) were released by: Globenewswire.com and their article: “UTStarcom to Announce Third Quarter 2017 Financial Results on Monday, November …” published on November 15, 2017 as well as Globenewswire.com‘s news article titled: “UTStarcom Announces Receipt of a Preliminary Non-Binding Proposal to Acquire …” with publication date: March 31, 2017.

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