Unisys Corporation (NYSE:UIS) Short Interest Update

Unisys Corporation (NYSE:UIS - Get Free Report) was the target of a large growth in short interest in the month of August. As of August 15th, there was short interest totaling 1,920,000 shares, agrowthof31.5% from the July 31st total of 1,460,000 shares. Based on an average daily volume of 710,500 shares, the days-to-cover ratio is currently 2.7 days. Based on an average daily volume of 710,500 shares, the days-to-cover ratio is currently 2.7 days.

Unisys Price Performance

Shares of NYSE:UIS opened at $4.02 on Tuesday. The business's 50 day moving average price is $4.08 and its 200-day moving average price is $4.30. The firm has a market capitalization of $286.24 million, a price-to-earnings ratio of -3.40, a price-to-earnings-growth ratio of 0.53 and a beta of 1.35. Unisys has a 1 year low of $3.56 and a 1 year high of $8.93.

Unisys (NYSE:UIS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The information technology services provider reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of ($0.34) by $0.53. The company had revenue of $483.30 million for the quarter, compared to analyst estimates of $444.65 million. Unisys had a negative return on equity of 12.55% and a negative net margin of 4.16%.During the same quarter last year, the firm posted $0.16 EPS. Unisys has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Unisys will post 0.61 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UIS. Virtus Fund Advisers LLC purchased a new position in Unisys in the 4th quarter valued at $35,000. AlphaQuest LLC lifted its holdings 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 purchasing an additional 3,523 shares in the last quarter. Byrne Asset Management LLC purchased a new position in Unisys in the 2nd quarter valued at $46,000. Pallas Capital Advisors LLC purchased a new position in Unisys in the 1st quarter valued at $49,000. Finally, Los Angeles Capital Management LLC purchased a new position in Unisys in the 2nd quarter valued at $53,000. Hedge funds and other institutional investors own 86.87% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Wall Street Zen cut shares of Unisys from a "buy" rating to a "hold" rating in a research note on Sunday. Maxim Group raised shares of 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, August 4th. Finally, Needham & Company LLC assumed coverage on shares of Unisys in a research note on Wednesday, September 3rd. They set a "buy" rating and a $6.00 price objective on the stock. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Unisys currently has a consensus rating of "Moderate Buy" and an average target price 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.

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