Unisys Corporation (NYSE:UIS) Short Interest Up 31.5% in August

Unisys Corporation (NYSE:UIS) saw a large increase in short interest during the month of August. As of August 15th, there was short interest totaling 1,920,000 shares, an increase of 31.5% 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.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on UIS. Maxim Group upgraded shares of Unisys from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a report on Monday, August 4th. Needham & Company LLC began coverage on shares of Unisys in a report on Wednesday, September 3rd. They issued a “buy” rating and a $6.00 price target on the stock. Finally, Wall Street Zen lowered shares of Unisys from a “buy” rating to a “hold” rating in a report on Sunday. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Unisys presently has a consensus rating of “Moderate Buy” and an average price target of $7.17.

Hedge Funds Weigh In On Unisys

Hedge funds have recently made changes to their positions in the business. Virtus Fund Advisers LLC purchased a new position in shares of Unisys in the 4th quarter valued at $35,000. AlphaQuest LLC increased its stake in Unisys by 56.9% during the 1st quarter. AlphaQuest LLC now owns 9,716 shares of the information technology services provider’s stock worth $45,000 after buying an additional 3,523 shares during the period. Byrne Asset Management LLC purchased a new stake in Unisys during the 2nd quarter worth $46,000. Pallas Capital Advisors LLC purchased a new stake in Unisys during the 1st quarter worth $49,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Unisys during the 2nd quarter worth $53,000. Hedge funds and other institutional investors own 86.87% of the company’s stock.

Unisys Trading Down 1.4%

Shares of UIS stock opened at $3.87 on Thursday. The company’s fifty day simple moving average is $4.06 and its 200-day simple moving average is $4.29. Unisys has a 52 week low of $3.56 and a 52 week high of $8.93. The company has a market cap of $275.54 million, a PE ratio of -3.28, a P/E/G ratio of 0.53 and a beta of 1.35.

Unisys (NYSE:UIS) last issued its earnings results on Wednesday, July 30th. The information technology services provider reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.53. Unisys had a negative net margin of 4.16% and a negative return on equity of 12.55%. The business had revenue of $483.30 million for the quarter, compared to the consensus estimate of $444.65 million. During the same quarter last year, the firm posted $0.16 EPS. Unisys has set its FY 2025 guidance at EPS. Equities research analysts expect that Unisys will post 0.61 EPS 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.