Unisys Corporation (NYSE:UIS) Short Interest Update

Key Points

• Unisys Corporation saw a significant decline in short interest in August, dropping by 19.8% to a total of 1,540,000 shares as of August 31st.
• Several institutional investors increased their holdings in Unisys, with Deutsche Bank AG leading the way by boosting its stake by 49.7% during the fourth quarter.
• Analysts have mixed ratings on Unisys, with Needham & Company setting a $6.00 price target, while Maxim Group has a higher target of $9.00 after upgrading the stock to a buy rating.

Unisys Corporation (NYSE:UIS - Get Free Report) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,540,000 shares, a drop of 19.8% from the August 15th total of 1,920,000 shares. Based on an average trading volume of 735,700 shares, the short-interest ratio is presently 2.1 days. Currently, 2.2% of the company's stock are sold short. Currently, 2.2% of the company's stock are sold short. Based on an average trading volume of 735,700 shares, the short-interest ratio is presently 2.1 days.

Unisys Stock Down 1.0%

Shares of UIS stock traded down $0.04 during mid-day trading on Friday, hitting $4.03. 1,424,890 shares of the stock were exchanged, compared to its average volume of 654,068. The firm has a fifty day moving average of $4.01 and a 200 day moving average of $4.28. Unisys has a 52-week low of $3.56 and a 52-week high of $8.93. The company has a market cap of $287.31 million, a PE ratio of -3.42, a price-to-earnings-growth ratio of 0.55 and a beta of 1.35.

Unisys (NYSE:UIS - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The information technology services provider reported $0.19 earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.53. The firm had revenue of $483.30 million during the quarter, compared to the consensus estimate of $444.65 million. Unisys had a negative net margin of 4.16% and a negative return on equity of 12.55%. During the same quarter in the prior year, the firm earned $0.16 EPS. Unisys has set its FY 2025 guidance at EPS. Equities analysts predict that Unisys will post 0.61 EPS for the current year.

Hedge Funds Weigh In On Unisys

Hedge funds have recently made changes to their positions in the stock. AlphaQuest LLC boosted its position in Unisys by 56.9% in the 1st quarter. AlphaQuest LLC now owns 9,716 shares of the information technology services provider's stock valued at $45,000 after buying an additional 3,523 shares during the period. Byrne Asset Management LLC acquired a new stake in Unisys during the 2nd quarter worth $46,000. Pallas Capital Advisors LLC acquired a new stake in Unisys during the 1st quarter worth $49,000. Los Angeles Capital Management LLC acquired a new stake in Unisys during the 2nd quarter worth $53,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in Unisys during the 2nd quarter worth $54,000. Hedge funds and other institutional investors own 86.87% of the company's stock.

Analyst Upgrades and Downgrades

UIS has been the topic of several research reports. Needham & Company LLC began coverage on Unisys in a research note on Wednesday, September 3rd. They issued a "buy" rating and a $6.00 target price on the stock. Maxim Group raised Unisys from a "hold" rating to a "buy" rating and set a $9.00 price target for the company in a research report on Monday, August 4th. Finally, Wall Street Zen raised Unisys from a "hold" rating to a "buy" rating in a research report on Saturday. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $7.17.

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.