Unisys Co. (NYSE:UIS) Short Interest Down 19.0% in October

Unisys Co. (NYSE:UIS) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 979,700 shares, a decrease of 19.0% from the October 15th total of 1,210,000 shares. Based on an average daily volume of 617,200 shares, the short-interest ratio is presently 1.6 days.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Unisys from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th.

Unisys Trading Down 5.4 %

UIS traded down $0.43 during midday trading on Friday, reaching $7.49. 575,651 shares of the company’s stock traded hands, compared to its average volume of 921,025. The firm has a fifty day moving average of $6.34 and a two-hundred day moving average of $5.25. Unisys has a 52 week low of $3.32 and a 52 week high of $8.49.

Unisys (NYSE:UIS) last released its quarterly earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.21). The business had revenue of $497.00 million for the quarter, compared to the consensus estimate of $486.50 million. Unisys had a negative net margin of 19.24% and a negative return on equity of 27.42%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.33) EPS. Analysts predict that Unisys will post 0.31 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of UIS. The Manufacturers Life Insurance Company grew its holdings in shares of Unisys by 8.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,123 shares of the information technology services provider’s stock worth $112,000 after acquiring an additional 2,119 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of Unisys by 6.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 67,333 shares of the information technology services provider’s stock worth $331,000 after acquiring an additional 3,886 shares during the period. ProShare Advisors LLC grew its holdings in shares of Unisys by 49.1% during the 2nd quarter. ProShare Advisors LLC now owns 17,812 shares of the information technology services provider’s stock worth $74,000 after acquiring an additional 5,866 shares during the period. nVerses Capital LLC purchased a new position in shares of Unisys during the 3rd quarter worth approximately $36,000. Finally, Newport Trust Company LLC grew its holdings in shares of Unisys by 0.5% during the 2nd quarter. Newport Trust Company LLC now owns 1,304,955 shares of the information technology services provider’s stock worth $5,389,000 after acquiring an additional 6,894 shares during the period. Institutional investors own 86.87% of the company’s stock.

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.