Short Interest in Unisys Co. (NYSE:UIS) Declines By 17.5%

Unisys Co. (NYSE:UIS - Get Free Report) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totalling 932,000 shares, a drop of 17.5% from the March 15th total of 1,130,000 shares. Approximately 1.4% of the company's shares are sold short. Based on an average daily volume of 546,800 shares, the days-to-cover ratio is currently 1.7 days.

Unisys Stock Up 0.6 %

NYSE:UIS traded up $0.03 during trading hours on Friday, reaching $4.09. The company had a trading volume of 53,404 shares, compared to its average volume of 517,957. The business's 50-day simple moving average is $4.26 and its two-hundred day simple moving average is $6.02. Unisys has a twelve month low of $3.32 and a twelve month high of $8.93. The firm has a market cap of $290.31 million, a price-to-earnings ratio of -1.44, a P/E/G ratio of 0.56 and a beta of 1.14.

Unisys (NYSE:UIS - Get Free Report) last issued its earnings results on Tuesday, February 18th. The information technology services provider reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. The business had revenue of $545.40 million during the quarter, compared to analyst estimates of $550.93 million. Unisys had a negative return on equity of 16.84% and a negative net margin of 9.63%. During the same period in the previous year, the company posted $0.51 EPS. As a group, equities analysts predict that Unisys will post 0.61 earnings per share for the current year.

Institutional Trading of Unisys

Several hedge funds have recently bought and sold shares of UIS. Virtus Fund Advisers LLC bought a new stake in Unisys during the fourth quarter worth $35,000. AlphaQuest LLC purchased a new stake in shares of Unisys during the fourth quarter worth $39,000. Quarry LP boosted its stake in Unisys by 985.8% in the 4th quarter. Quarry LP now owns 8,556 shares of the information technology services provider's stock worth $54,000 after purchasing an additional 7,768 shares during the period. Calton & Associates Inc. purchased a new position in Unisys during the fourth quarter valued at approximately $63,000. Finally, Pallas Capital Advisors LLC bought a new position in Unisys in the 1st quarter worth about $49,000. Institutional investors and hedge funds own 86.87% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on UIS shares. Canaccord Genuity Group cut their price objective on Unisys from $7.00 to $6.50 and set a "hold" rating on the stock in a research note on Thursday, February 20th. StockNews.com raised Unisys from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th.

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.