Short Interest in Unisys Corporation (NYSE:UIS) Expands By 176.7%

Key Points

• The short interest in Unisys Corporation increased by 176.7% in July, reaching a total of 1,370,000 shares as of July 15th, compared to 495,200 shares at the end of June.
• Unisys reported an earnings per share (EPS) of $0.19 for the last quarter, surpassing analysts' expectations of a loss of ($0.34), with revenues also exceeding estimates at $483.30 million.
• Wall Street analysts recently upgraded Unisys shares from a "hold" to a "buy" rating, reflecting increased investor interest in the company.

Unisys Corporation (NYSE:UIS - Get Free Report) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 1,370,000 shares, anincreaseof176.7% from the June 30th total of 495,200 shares. Based on an average daily trading volume, of 686,400 shares, the days-to-cover ratio is currently 2.0 days. Based on an average daily trading volume, of 686,400 shares, the days-to-cover ratio is currently 2.0 days.

Analyst Upgrades and Downgrades

UIS has been the topic of several research analyst reports. Maxim Group raised Unisys from a "hold" rating to a "buy" rating and set a $9.00 price objective on the stock in a research note on Monday. Wall Street Zen upgraded Unisys from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd.

Unisys Trading Down 3.9%

Shares of UIS stock traded down $0.16 on Friday, reaching $3.80. 1,213,784 shares of the stock were exchanged, compared to its average volume of 618,464. Unisys has a twelve month low of $3.56 and a twelve month high of $8.93. The company has a market capitalization of $270.56 million, a price-to-earnings ratio of -3.22, a PEG ratio of 0.54 and a beta of 1.31. The business's 50 day moving average price is $4.36 and its 200 day moving average price is $4.74.

Unisys (NYSE:UIS - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The information technology services provider reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.34) by $0.53. The business had revenue of $483.30 million for the quarter, compared to analyst estimates 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 period in the prior year, the business earned $0.16 earnings per share. Equities research analysts forecast that Unisys will post 0.61 earnings per share for the current year.

Institutional Investors Weigh In On Unisys

A number of institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC acquired a new position in Unisys in the 1st quarter valued at approximately $67,000. Millennium Management LLC raised its stake in shares of Unisys by 9.4% in the 4th quarter. Millennium Management LLC now owns 716,541 shares of the information technology services provider's stock valued at $4,536,000 after buying an additional 61,766 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Unisys by 179.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 277,583 shares of the information technology services provider's stock valued at $1,757,000 after buying an additional 178,295 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Unisys by 7.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,259,543 shares of the information technology services provider's stock worth $7,974,000 after purchasing an additional 88,506 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Unisys by 5.4% during the 4th quarter. Invesco Ltd. now owns 364,130 shares of the information technology services provider's stock worth $2,305,000 after purchasing an additional 18,816 shares in the last quarter. Institutional investors own 86.87% of the company's stock.

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.