A Reversal for Utstarcom Holdings Corp – Ordinary Shares (NASDAQ:UTSI) Is Near. The Stock Has Decrease in Shorts

June 13, 2018 - By Linda Rogers

Investors sentiment decreased to 0.85 in 2018 Q1. Its down 1.58, from 2.43 in 2017Q4. It dived, as 7 investors sold UTStarcom Holdings Corp. shares while 6 reduced holdings. 6 funds opened positions while 5 raised stakes. 1.83 million shares or 11.87% less from 2.08 million shares in 2017Q4 were reported.
Deutsche Bank Ag holds 0% or 8,361 shares. California Public Employees Retirement Sys has invested 0% of its portfolio in UTStarcom Holdings Corp. (NASDAQ:UTSI). Susquehanna Grp Inc Llp reported 84,703 shares or 0% of all its holdings. 15,200 were reported by Axa. Morgan Stanley accumulated 0% or 2,767 shares. 70,345 are owned by Macquarie Group Inc Limited. Jpmorgan Chase invested 0% of its portfolio in UTStarcom Holdings Corp. (NASDAQ:UTSI). Renaissance Technology Ltd Company invested in 1.17 million shares. Northern Corp owns 24,339 shares. Tower Limited Liability Co (Trc) reported 2,777 shares. Royal Natl Bank Of Canada reported 0% of its portfolio in UTStarcom Holdings Corp. (NASDAQ:UTSI). Schneider Management has 0.12% invested in UTStarcom Holdings Corp. (NASDAQ:UTSI). Envestnet Asset Mngmt Inc owns 476 shares. Arrowstreet L P invested 0% in UTStarcom Holdings Corp. (NASDAQ:UTSI). Bridgeway Management invested 0% in UTStarcom Holdings Corp. (NASDAQ:UTSI).

The stock of Utstarcom Holdings Corp – Ordinary Shares (NASDAQ:UTSI) registered a decrease of 23.75% in short interest. UTSI’s total short interest was 111,100 shares in June as published by FINRA. Its down 23.75% from 145,700 shares, reported previously. With 35,500 shares average volume, it will take short sellers 3 days to cover their UTSI’s short positions. The short interest to Utstarcom Holdings Corp – Ordinary Shares’s float is 0.72%.

The stock increased 0.46% or $0.02 during the last trading session, reaching $4.39. About 18,127 shares traded. UTStarcom Holdings Corp. (NASDAQ:UTSI) has risen 121.13% since June 13, 2017 and is uptrending. It has outperformed by 108.56% 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 $157.57 million. The firm offers broadband packet optical transport and wireless/fixed-line access products and solutions. It has a 23.11 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.

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