Short Interest in Unisys Co. (NYSE:UIS) Drops By 22.2%

Unisys Co. (NYSE:UIS) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 987,600 shares, a decline of 22.2% from the February 13th total of 1,270,000 shares. Based on an average trading volume of 556,600 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.5% of the shares of the company are sold short.

Unisys Stock Performance

Shares of NYSE UIS traded up $0.18 during trading hours on Monday, hitting $4.39. The stock had a trading volume of 214,908 shares, compared to its average volume of 519,537. The company has a market capitalization of $305.21 million, a P/E ratio of -1.55, a P/E/G ratio of 0.56 and a beta of 1.25. The firm’s 50-day moving average price is $5.86 and its two-hundred day moving average price is $6.34. Unisys has a 52 week low of $3.32 and a 52 week high of $8.93.

Unisys (NYSE:UIS) last posted its quarterly earnings data on Tuesday, February 18th. The information technology services provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The company had revenue of $545.40 million during the quarter, compared to analysts’ expectations of $550.93 million. Unisys had a negative return on equity of 16.84% and a negative net margin of 9.63%. During the same period in the prior year, the business earned $0.51 earnings per share. As a group, analysts expect that Unisys will post 0.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Canaccord Genuity Group reduced their price objective on shares of Unisys from $7.00 to $6.50 and set a “hold” rating for the company in a report on Thursday, February 20th. StockNews.com upgraded shares of Unisys from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of UIS. Needham Investment Management LLC raised its stake in Unisys by 7.9% during the third quarter. Needham Investment Management LLC now owns 5,250,000 shares of the information technology services provider’s stock worth $29,820,000 after acquiring an additional 385,000 shares in the last quarter. 272 Capital LP acquired a new position in Unisys during the third quarter worth $1,832,000. Cubist Systematic Strategies LLC raised its stake in Unisys by 680.3% during the fourth quarter. Cubist Systematic Strategies LLC now owns 252,803 shares of the information technology services provider’s stock worth $1,600,000 after acquiring an additional 220,404 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Unisys during the fourth quarter worth $1,260,000. Finally, State Street Corp raised its stake in Unisys by 13.2% during the third quarter. State Street Corp now owns 1,612,970 shares of the information technology services provider’s stock worth $9,162,000 after acquiring an additional 188,630 shares in the last quarter. 86.87% of the stock is currently owned by institutional investors and hedge funds.

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.