Unisys Co. (NYSE:UIS) Short Interest Up 56.3% in February

Unisys Co. (NYSE:UIS - Get Free Report) saw a large growth in short interest in February. As of February 15th, there was short interest totalling 1,270,000 shares, a growth of 56.3% from the January 31st total of 812,300 shares. Based on an average trading volume of 540,900 shares, the days-to-cover ratio is presently 2.3 days.

Wall Street Analyst Weigh In

UIS has been the subject of a number of analyst reports. Canaccord Genuity Group cut their price target on Unisys from $7.00 to $6.50 and set a "hold" rating for the company in a research note on Thursday, February 20th. StockNews.com upgraded shares of Unisys from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th.

Hedge Funds Weigh In On Unisys

A number of institutional investors have recently bought and sold shares of the stock. Virtus Fund Advisers LLC purchased a new stake in shares of Unisys in the 4th quarter worth about $35,000. AlphaQuest LLC purchased a new position in shares of Unisys in the 4th quarter worth about $39,000. Quarry LP raised its holdings in Unisys by 985.8% in the fourth quarter. Quarry LP now owns 8,556 shares of the information technology services provider's stock worth $54,000 after buying an additional 7,768 shares during the last quarter. Creative Planning bought a new position in shares of Unisys in the third quarter worth approximately $58,000. Finally, Paloma Partners Management Co purchased a new stake in shares of Unisys during the third quarter valued at approximately $60,000. 86.87% of the stock is owned by institutional investors.

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Unisys Trading Up 4.0 %

Shares of NYSE UIS traded up $0.17 during midday trading on Wednesday, hitting $4.28. 463,532 shares of the company's stock were exchanged, compared to its average volume of 508,077. The business's fifty day moving average price is $6.24 and its two-hundred day moving average price is $6.42. The company has a market cap of $297.56 million, a price-to-earnings ratio of -1.51, a PEG ratio of 0.56 and a beta of 0.78. Unisys has a 12-month low of $3.32 and a 12-month high of $8.93.

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, topping the consensus estimate of $0.30 by $0.03. Unisys had a negative net margin of 9.63% and a negative return on equity of 16.84%. The company had revenue of $545.40 million for the quarter, compared to the consensus estimate of $550.93 million. During the same period in the previous year, the firm earned $0.51 earnings per share. Equities analysts expect that Unisys will post 0.61 earnings per share for the current fiscal year.

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.