Short Interest in Conduent Incorporated (NASDAQ:CNDT) Rises By 8.5%

Conduent Incorporated (NASDAQ:CNDT - Get Free Report) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 2,300,000 shares, a growth of 8.5% from the January 15th total of 2,120,000 shares. Currently, 1.6% of the company's stock are short sold. Based on an average trading volume of 1,090,000 shares, the short-interest ratio is currently 2.1 days.

Hedge Funds Weigh In On Conduent

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its position in Conduent by 174.4% during the third quarter. JPMorgan Chase & Co. now owns 513,129 shares of the company's stock worth $2,068,000 after buying an additional 326,118 shares during the last quarter. Barclays PLC increased its position in Conduent by 233.0% during the third quarter. Barclays PLC now owns 271,923 shares of the company's stock worth $1,096,000 after buying an additional 190,269 shares during the last quarter. Jane Street Group LLC increased its position in Conduent by 59.7% during the third quarter. Jane Street Group LLC now owns 833,861 shares of the company's stock worth $3,360,000 after buying an additional 311,579 shares during the last quarter. Franklin Resources Inc. increased its position in Conduent by 10.0% during the third quarter. Franklin Resources Inc. now owns 118,841 shares of the company's stock worth $477,000 after buying an additional 10,787 shares during the last quarter. Finally, Creative Planning increased its position in Conduent by 74.2% during the third quarter. Creative Planning now owns 60,843 shares of the company's stock worth $245,000 after buying an additional 25,912 shares during the last quarter. Institutional investors and hedge funds own 77.28% of the company's stock.

Conduent Stock Down 3.2 %

CNDT traded down $0.13 on Friday, hitting $3.76. 956,115 shares of the company were exchanged, compared to its average volume of 860,656. Conduent has a 12 month low of $2.96 and a 12 month high of $4.90. The company has a market cap of $600.39 million, a PE ratio of 1.74 and a beta of 1.41. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.75 and a current ratio of 1.75. The stock's fifty day moving average is $4.07 and its 200-day moving average is $3.89.

Conduent (NASDAQ:CNDT - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.04). Conduent had a negative return on equity of 11.61% and a net margin of 12.69%. Equities research analysts predict that Conduent will post -0.34 EPS for the current fiscal year.

About Conduent

Conduent Incorporated provides digital business solutions and services for the commercial, government, and transportation spectrum in the United States, Europe, and internationally. It operates through three segments: Commercial, Government Services, and Transportation. The Commercial segment offers business process services and customized solutions to clients in various industries; and customer experience management, business operations, healthcare claims and administration, and human capital solutions.