Today Xerox Corporation (NYSE:XRX) Reported Decrease in Shorted Shares

March 16, 2018 - By Hazel Jackson

 Today Xerox Corporation (NYSE:XRX) Reported Decrease in Shorted Shares

Investors sentiment increased to 0.12 in 2017 Q3. Its up 0.11, from 0.01 in 2017Q2. It improved, as 10 investors sold Xerox Corporation shares while 7 reduced holdings. 0 funds opened positions while 2 raised stakes. 26.13 million shares or 10.07% less from 29.05 million shares in 2017Q2 were reported.
Focused Wealth Mngmt Incorporated stated it has 139 shares. Polaris Mgmt Ltd Limited Liability Company has 856,550 shares. Hanson Doremus Investment accumulated 45,824 shares. Altfest L J And Company Inc accumulated 7,717 shares or 0.12% of the stock. Nelson Roberts Inv Advsrs has invested 0% in Xerox Corporation (NYSE:XRX). Columbia Asset Mgmt holds 0.09% in Xerox Corporation (NYSE:XRX) or 8,536 shares. Dreman Value Mngmt L L C reported 0.24% stake. Burney invested in 9,256 shares. Wellington Shields And Lc stated it has 0.09% in Xerox Corporation (NYSE:XRX). Asset Corp has 0.01% invested in Xerox Corporation (NYSE:XRX) for 1,250 shares. Eqis Cap Management reported 0.04% in Xerox Corporation (NYSE:XRX). Icahn Carl C invested 3.88% of its portfolio in Xerox Corporation (NYSE:XRX). Adirondack Management reported 0.22% stake. Fruth Mngmt holds 12,483 shares. Boltwood Capital invested 0.26% of its portfolio in Xerox Corporation (NYSE:XRX).

Since January 31, 2018, it had 0 insider purchases, and 2 selling transactions for $44.60 million activity.

The stock of Xerox Corporation (NYSE:XRX) registered a decrease of 15.22% in short interest. XRX’s total short interest was 5.52 million shares in March as published by FINRA. Its down 15.22% from 6.52M shares, reported previously. With 3.19M shares average volume, it will take short sellers 2 days to cover their XRX’s short positions. The short interest to Xerox Corporation’s float is 2.51%.

The stock increased 0.16% or $0.05 during the last trading session, reaching $31.1. About 179,096 shares traded. Xerox Corporation (NYSE:XRX) has risen 17.43% since March 16, 2017 and is uptrending. It has outperformed by 0.73% the S&P500.

Xerox Corporation provides document management solutions worldwide. The company has market cap of $7.92 billion. The companyÂ’s Document Technology segment offers desktop monochrome and color printers, multifunction printers, copiers, digital printing presses, and light production devices; and production printing and publishing systems for the graphic communications marketplace and large enterprises. It has a 43.68 P/E ratio. The Company’s Services segment provides document outsourcing services comprising managed print, workflow automation, and communication and marketing services.

Xerox Corporation (NYSE:XRX) Ratings Coverage

Among 14 analysts covering Xerox Corporation (NYSE:XRX), 9 have Buy rating, 1 Sell and 4 Hold. Therefore 64% are positive. Xerox Corporation has $40 highest and $8 lowest target. $30.33’s average target is -2.48% below currents $31.1 stock price. Xerox Corporation had 34 analyst reports since July 28, 2015 according to SRatingsIntel. SunTrust initiated the stock with “Buy” rating in Tuesday, September 13 report. The rating was upgraded by Barclays Capital to “Equal-Weight” on Monday, July 24. The stock has “Neutral” rating by Credit Suisse on Tuesday, April 26. The stock of Xerox Corporation (NYSE:XRX) earned “Underweight” rating by Barclays Capital on Wednesday, October 14. The firm has “Outperform” rating given on Tuesday, January 3 by Credit Suisse. The rating was initiated by Loop Capital Markets on Monday, July 24 with “Buy”. The rating was upgraded by Goldman Sachs on Tuesday, January 10 to “Buy”. The stock of Xerox Corporation (NYSE:XRX) earned “Underweight” rating by Morgan Stanley on Monday, November 7. BMO Capital Markets downgraded the shares of XRX in report on Wednesday, January 31 to “Hold” rating. Credit Suisse maintained Xerox Corporation (NYSE:XRX) rating on Wednesday, August 2. Credit Suisse has “Outperform” rating and $34 target.

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