Today’s Short Interest: Is Buying Computer Sciences Corporation (NYSE:CSC), Having Higher Short Interest a Winning Strategy?

November 29, 2016 - By Adrian Mccoy   ·   0 Comments

Today's Short Interest: Is Buying Computer Sciences Corporation (NYSE:CSC), Having Higher Short Interest a Winning Strategy?

The stock of Computer Sciences Corporation (NYSE:CSC) registered an increase of 28.24% in short interest. CSC’s total short interest was 12.85 million shares in November as published by FINRA. Its up 28.24% from 10.02M shares, reported previously. With 1.87M shares average volume, it will take short sellers 7 days to cover their CSC’s short positions. The short interest to Computer Sciences Corporation’s float is 9.71%. About 896,011 shares traded hands. Computer Sciences Corporation (NYSE:CSC) has risen 83.05% since April 26, 2016 and is uptrending. It has outperformed by 77.79% the S&P500.

Computer Sciences Corporation is a global well-known provider of information technology (IT) and professional services and solutions. The company has a market cap of $8.63 billion. The Firm operates through two divisions: Global Business Services (GBS) and Global Infrastructure Services (GIS). It currently has negative earnings. The GBS segment provides various technology solutions, including consulting, applications services and software.

Insitutional Activity: The institutional sentiment decreased to 0.94 in Q2 2016. Its down 0.15, from 1.09 in 2016Q1. The ratio is negative, as 37 funds sold all Computer Sciences Corporation shares owned while 99 reduced positions. 57 funds bought stakes while 91 increased positions. They now own 127.49 million shares or 4.39% less from 133.34 million shares in 2016Q1.
Tiaa Cref Invest Limited reported 1.22M shares or 0.05% of all its holdings. Catalyst Cap Advisors Ltd Llc holds 120,000 shares or 1.1% of its portfolio. Markston Ltd Liability Co reported 200 shares or 0% of all its holdings. State Of Tennessee Treasury Department has 170,000 shares for 0.04% of their US portfolio. Canada Pension Plan Board has 0.03% invested in the company for 160,663 shares. Oakbrook Invs holds 13,602 shares or 0.04% of its portfolio. Oak Limited Oh holds 0.54% or 90,706 shares in its portfolio. Metropolitan Life Ny owns 130,266 shares or 0.05% of their US portfolio. Mackenzie Financial last reported 0.01% of its portfolio in the stock. Synovus holds 4,504 shares or 0.01% of its portfolio. Moreover, Suffolk Capital Management Ltd Liability Co has 0.54% invested in Computer Sciences Corporation (NYSE:CSC) for 84,063 shares. Advantus Management holds 0.02% or 16,795 shares in its portfolio. Sei Invests owns 96,998 shares or 0.03% of their US portfolio. Leuthold Group Inc Limited Liability Company has 0.44% invested in the company for 84,544 shares. Aperio Gru Ltd Co reported 31,326 shares or 0.01% of all its holdings.

Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 9 sales for $5.94 million net activity. LAWRIE JOHN M sold $189,365 worth of stock. Shares for $519,300 were sold by SALEH PAUL N.

Computer Sciences Corporation (NYSE:CSC) Ratings Coverage

Out of 13 analysts covering Computer Sciences Corporation (NYSE:CSC), 4 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 31% are positive. Computer Sciences Corporation has been the topic of 22 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock of Computer Sciences Corporation (NYSE:CSC) earned “Overweight” rating by Barclays Capital on Wednesday, May 25. On Wednesday, December 9 the stock rating was upgraded by Jefferies to “Buy”. On Wednesday, March 9 the stock rating was reinitiated by Goldman Sachs with “Neutral”. Cowen & Co initiated the stock with “Outperform” rating in Friday, November 20 report. The firm has “Equal Weight” rating by Barclays Capital given on Tuesday, September 1. Citigroup upgraded Computer Sciences Corporation (NYSE:CSC) on Thursday, October 13 to “Buy” rating. The firm has “Neutral” rating by Citigroup given on Friday, February 26. The rating was maintained by Deutsche Bank with “Hold” on Tuesday, September 1. The firm has “Buy” rating given on Friday, October 23 by TheStreet. The firm earned “Market Perform” rating on Wednesday, May 25 by Raymond James.

CSC Company Profile

Computer Sciences Corporation (CSC), incorporated on April 16, 1959, is a global well-known provider of information technology (IT) and professional services and solutions. The Firm operates through two divisions: Global Business Services (GBS) and Global Infrastructure Services (GIS). CSC has activities throughout North America, Europe, Asia and Australia.

More news for Computer Sciences Corporation (NYSE:CSC) were recently published by: Zacks.com, which released: “Computer Sciences (CSC) Q2 Earnings: Will it Surprise?” on November 01, 2016. Zacks.com‘s article titled: “Computer Sciences (CSC) Q2 Earnings and Revenues Beat” and published on November 04, 2016 is yet another important article.

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By Adrian Mccoy

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