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

Unisys Co. (NYSE:UIS) was the target of a large drop in short interest during the month of 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 presently 1.6 days.

Unisys Stock Down 5.4 %

Shares of NYSE:UIS traded down $0.43 during trading on Friday, hitting $7.49. 575,651 shares of the company were exchanged, compared to its average volume of 921,025. Unisys has a fifty-two week low of $3.32 and a fifty-two week high of $8.49. The firm has a fifty day moving average price of $6.34 and a two-hundred day moving average price of $5.25.

Unisys (NYSE:UIS) last posted 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 company had revenue of $497.00 million for the quarter, compared to analyst estimates of $486.50 million. Unisys had a negative return on equity of 27.42% and a negative net margin of 19.24%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.33) EPS. Equities research analysts expect that Unisys will post 0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com raised Unisys from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 DIFC Ltd bought a new position in shares of Unisys during the 2nd quarter worth approximately $30,000. nVerses Capital LLC bought a new position in shares of Unisys during the 3rd quarter worth approximately $36,000. Cubist Systematic Strategies LLC bought a new position in shares of Unisys during the 2nd quarter worth approximately $41,000. Oak Thistle LLC bought a new position in shares of Unisys during the 2nd quarter worth approximately $52,000. Finally, Creative Planning bought a new position in shares of Unisys during the 3rd quarter worth approximately $58,000. 86.87% of the stock is currently owned by institutional investors.

About Unisys

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.