Unisys Corporation (NYSE:UIS) Short Interest Up 176.7% in July

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 growth in short interest in the month of July. As of July 15th, there was short interest totaling 1,370,000 shares, agrowthof176.7% from the June 30th total of 495,200 shares. Based on an average trading volume of 686,400 shares, the days-to-cover ratio is currently 2.0 days. Based on an average trading volume of 686,400 shares, the days-to-cover ratio is currently 2.0 days.

Unisys Price Performance

NYSE UIS opened at $3.92 on Monday. Unisys has a 12 month low of $3.32 and a 12 month high of $8.93. The firm has a market capitalization of $278.59 million, a PE ratio of -3.32, a P/E/G ratio of 0.45 and a beta of 1.31. The company's 50 day simple moving average is $4.43 and its 200 day simple moving average is $4.79.

Unisys (NYSE:UIS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The information technology services provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.53. The firm 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 quarter in the previous year, the business posted $0.16 earnings per share. Sell-side analysts anticipate that Unisys will post 0.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Unisys from a "hold" rating to a "buy" rating in a research note on Saturday.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in UIS. Virtus Fund Advisers LLC purchased a new stake in shares of Unisys in the fourth quarter valued at $35,000. AlphaQuest LLC boosted its position in shares of Unisys by 56.9% in the first quarter. AlphaQuest LLC now owns 9,716 shares of the information technology services provider's stock worth $45,000 after buying an additional 3,523 shares during the period. Byrne Asset Management LLC acquired a new stake in shares of Unisys in the second quarter worth $46,000. Pallas Capital Advisors LLC purchased a new stake in shares of Unisys during the first quarter worth $49,000. Finally, Quarry LP raised its holdings in shares of Unisys by 985.8% during the fourth quarter. Quarry LP now owns 8,556 shares of the information technology services provider's stock worth $54,000 after acquiring an additional 7,768 shares in the last quarter. Institutional investors and hedge funds 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.

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