Unisys Co. (NYSE:UIS) Short Interest Down 19.0% in October

Unisys Co. (NYSE:UIS) saw a large drop in short interest in October. As of October 31st, there was short interest totalling 979,700 shares, a drop of 19.0% from the October 15th total of 1,210,000 shares. Based on an average daily trading volume, of 617,200 shares, the days-to-cover ratio is currently 1.6 days.

Unisys Stock Down 5.4 %

Shares of Unisys stock traded down $0.43 during trading hours on Friday, reaching $7.49. 575,651 shares of the stock traded hands, compared to its average volume of 600,875. The company has a 50 day moving average price of $6.34 and a 200 day moving average price of $5.25. Unisys has a one year low of $3.32 and a one year high of $8.49. The firm has a market capitalization of $519.51 million, a price-to-earnings ratio of -1.32, a P/E/G ratio of 1.75 and a beta of 0.73.

Unisys (NYSE:UIS) last issued its quarterly earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.21). The business had revenue of $497.00 million for the quarter, compared to analysts’ expectations of $486.50 million. Unisys had a negative return on equity of 27.42% and a negative net margin of 19.24%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.33) EPS. Sell-side analysts anticipate that Unisys will post 0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Unisys from a “hold” rating to a “buy” rating in a research note on Tuesday.

Institutional Investors Weigh In On Unisys

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UIS. Geode Capital Management LLC increased its stake in shares of Unisys by 0.7% in the third quarter. Geode Capital Management LLC now owns 1,549,653 shares of the information technology services provider’s stock worth $8,804,000 after purchasing an additional 10,277 shares in the last quarter. Barclays PLC lifted its position in shares of Unisys by 127.6% in the third quarter. Barclays PLC now owns 126,819 shares of the information technology services provider’s stock valued at $722,000 after acquiring an additional 71,093 shares in the last quarter. XTX Topco Ltd boosted its stake in shares of Unisys by 212.7% in the third quarter. XTX Topco Ltd now owns 67,436 shares of the information technology services provider’s stock worth $383,000 after acquiring an additional 45,869 shares during the period. Zacks Investment Management purchased a new position in Unisys in the 3rd quarter worth approximately $860,000. Finally, Jane Street Group LLC boosted its stake in Unisys by 35.1% in the 3rd quarter. Jane Street Group LLC now owns 137,966 shares of the information technology services provider’s stock worth $784,000 after purchasing an additional 35,853 shares during the period. 86.87% of the stock is owned by hedge funds and other institutional investors.

Unisys Company Profile

Unisys Corporation, together with its subsidiaries, operates as an information technology solutions company in the United States and internationally. It operates in three segments: Digital Workplace Solutions (DWS); Cloud, Applications & Infrastructure Solutions (CA&I); and Enterprise Computing Solutions.