Shorts Action: Xerox Corporation (NYSE:XRX) Shorts Decreased by 0.84% After Short Covering

November 22, 2016 - By Hazel Jackson   ·   0 Comments

Shorts Action: Xerox Corporation (NYSE:XRX) Shorts Decreased by 0.84% After Short Covering

The stock of Xerox Corporation (NYSE:XRX) registered a decrease of 0.84% in short interest. XRX’s total short interest was 26.06M shares in November as published by FINRA. Its down 0.84% from 26.28 million shares, reported previously. With 7.73 million shares average volume, it will take short sellers 3 days to cover their XRX’s short positions. The short interest to Xerox Corporation’s float is 3.07%. The stock increased 0.85% or $0.08 during the last trading session, hitting $9.52. Xerox Corp (NYSE:XRX) has declined 14.92% since April 20, 2016 and is downtrending. It has underperformed by 19.48% the S&P500.

Xerox Corporation is engaged in imaging, business process, analytics, automation and user-centric insights. The company has a market cap of $9.51 billion. The Company’s divisions include Services, Document Technology and Other. It has a 15.71 P/E ratio. The Company’s Services segment comprises two types of service offerings: Business Process Outsourcing and Document Outsourcing (DO).

Insitutional Activity: The institutional sentiment increased to 1.19 in Q2 2016. Its up 0.17, from 1.02 in 2016Q1. The ratio is positive, as 38 funds sold all Xerox Corp shares owned while 169 reduced positions. 52 funds bought stakes while 160 increased positions. They now own 834.51 million shares or 1.20% less from 844.68 million shares in 2016Q1.
Columbia Prtn L L C Investment Mngmt last reported 88,558 shares in the company. Eaton Vance Mgmt last reported 0% of its portfolio in the stock. Clearbridge Invs Limited Co last reported 0.07% of its portfolio in the stock. Chicago Equity Partners Lc reported 1.03M shares or 0.29% of all its holdings. Edge Wealth Management Limited holds 5,000 shares or 0.02% of its portfolio. Hbk Investments L P holds 0.05% of its portfolio in Xerox Corp (NYSE:XRX) for 595,500 shares. Moreover, Private Advisor Gp Limited Liability has 0.02% invested in Xerox Corp (NYSE:XRX) for 41,001 shares. Mutual Of America Cap Llc holds 149,689 shares or 0.03% of its portfolio. Pggm accumulated 0.03% or 711,009 shares. Zweig accumulated 0.01% or 14,100 shares. Element Cap Ltd Liability last reported 0.05% of its portfolio in the stock. Suntrust Banks Inc owns 237,183 shares or 0.01% of their US portfolio. Ridgeworth Mgmt Ltd has 5,490 shares for 0% of their US portfolio. Daiwa Sb Invests Ltd has 4,430 shares for 0.01% of their US portfolio. The California-based Hollencrest Limited Liability Corp has invested 0.05% in Xerox Corp (NYSE:XRX).

Insider Transactions: Since July 1, 2016, the stock had 0 insider purchases, and 7 insider sales for $1.51 million net activity. Shares for $711,491 were sold by BURNS URSULA M. $24,127 worth of Xerox Corp (NYSE:XRX) shares were sold by Mancini Joseph H.. FIRESTONE JAMES A also sold $467,895 worth of Xerox Corp (NYSE:XRX) shares. 13,000 shares were sold by Tessler Herve, worth $128,573 on Wednesday, August 3.

Xerox Corp (NYSE:XRX) Ratings Coverage

Out of 10 analysts covering Xerox Corporation (NYSE:XRX), 3 rate it a “Buy”, 3 “Sell”, while 4 “Hold”. This means 30% are positive. Xerox Corporation has been the topic of 16 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Zacks downgraded Xerox Corp (NYSE:XRX) on Wednesday, September 2 to “Sell” rating. The stock of Xerox Corp (NYSE:XRX) earned “Underweight” rating by Barclays Capital on Wednesday, October 14. The stock has “Buy” rating given by TheStreet on Monday, August 17. The firm has “Underweight” rating given on Monday, November 7 by Morgan Stanley. On Tuesday, September 13 the stock rating was initiated by SunTrust with “Buy”. The rating was initiated by Goldman Sachs with “Neutral” on Tuesday, December 1. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, April 26. The firm has “Overweight” rating by Piper Jaffray given on Saturday, August 29. Credit Suisse maintained Xerox Corp (NYSE:XRX) rating on Tuesday, April 26. Credit Suisse has “Neutral” rating and $10 price target. JP Morgan maintained it with “Neutral” rating and $11 target price in Tuesday, April 26 report.

XRX Company Profile

Xerox Corporation, incorporated on April 18, 1906, is engaged in imaging, business process, analytics, automation and user-centric insights. The Company’s divisions include Services, Document Technology and Other. Other segment includes paper sales in its developing market countries, wide-format systems, licensing revenue, global imaging systems network integration solutions and non-allocated corporate items, including other expenses and net. The Firm offers its services in over 180 countries. The Company’s clients include small and midsize businesses (SMBs), graphic communications companies, governmental entities, educational institutions and corporate accounts. The industry business groups include commercial healthcare, which serves healthcare payer and pharma, and healthcare well-known provider solutions; commercial industries, which include communications and media, high tech and software, banking and capital markets, insurance, manufacturing, automotive, travel and leisure, food and beverage, transportation and logistics; public sector, which provides services, including services that focused on transportation-related entities, as well as its portfolio of business process outsourcing (BPO) solutions to various governmental entities, and government healthcare, which provides administrative and care management solutions to state Medicaid programs and the United States Government healthcare programs. It provides a range of solutions to over 30 states.

More important recent Xerox Corp (NYSE:XRX) news were published by: which released: “Commit To Buy Xerox Corp At $7, Earn 8% Using Options” on November 21, 2016, also published article titled: “Xerox Corp. (XRX) Reports In-Line Q3 EPS; Guides Q4, FY16 Inline with Views …”, published: “Xerox Corp. (XRX) Announces Board Approval of Separation Terms (CNDT)” on November 08, 2016. More interesting news about Xerox Corp (NYSE:XRX) was released by: and their article: “BRIEF-Xerox Corp says Conduent has no immediate plans to pay common divide…” with publication date: November 07, 2016.

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By Hazel Jackson

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