Xerox Corporation (NYSE:XRX) Shorts Increased By 15.07%

June 29, 2018 - By Rebecca Betts

Xerox Corporation (NYSE:XRX) Corporate Logo

Big Money Sentiment decreased to 0.17 in Q1 2018. It has change of 0.13, from 2017Q4’s 0.3. The ratio turned negative due to Xerox Corporation positioning: 3 sold and 3 reduced. 1 funds acquired holdings and 0 increased holdings. Investors holded 5.57 million in 2017Q4 but now own 341,591 shares or 93.87% less.
Asset Advsrs holds 0.01% of its capital in Xerox Corporation (NYSE:XRX) for 1,250 shs. The Michigan-based Columbia Asset Mgmt has invested 0.07% in Xerox Corporation (NYSE:XRX). Cibc World Markets has invested 0.09% in Xerox Corporation (NYSE:XRX). Adirondack Research & Management reported 0.19% of its capital in Xerox Corporation (NYSE:XRX). Boltwood Cap Mngmt has 0.24% invested in Xerox Corporation (NYSE:XRX) for 11,983 shs. Focused Wealth Mgmt Incorporated stated it has 4,751 shs. Fruth Invest Management stated it has 12,108 shs or 0.15% of all its holdings. Wellington Shields & Communications Limited Com accumulated 7,784 shs.

Xerox Corporation registered $44.60 million net activity with 0 insider buys and 2 sales since January 31, 2018.

It was recorded an increase on Xerox Corporation (NYSE:XRX)’s shorted shares with 15.07%. It was announced in June by FINRA the 4.17 million shorted shares on XRX. The 3.62 million previous shares are up with 15.07%. Former XRX’s position will need 2 days to restore. It has 2.42 million average volume. Xerox Corporation’s shorted shares float is 1.89%.

Ticker’s shares touched $24.31 during the last trading session after 0.73% change.Currently Xerox Corporation is downtrending after 0.18% change in last June 29, 2017. XRX has 485,746 shares volume. XRX underperformed the S&P 500 by 12.75%.

Xerox Corporation provides document management solutions worldwide.The firm is worth $6.20 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.The P/E ratio is 34.14. 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

Total analysts of 5 have positions in Xerox (NYSE:XRX) as follows: 1 rated it a “Buy”, 0 with “Sell” and 4 with “Hold”. The positive are 20%. Since January 31, 2018 according to StockzIntelligence Inc Xerox has 6 analyst reports. On Tuesday, February 13 the firm has “Overweight” rating by JP Morgan given. On Monday, May 14 the firm has “Neutral” rating by JP Morgan given. On Monday, February 5 UBS upgraded Xerox Corporation (NYSE:XRX) to “Buy” rating. On Wednesday, January 31 the rating was downgraded by BMO Capital Markets to “Hold”. The company rating was downgraded by Standpoint Research on Wednesday, January 31. On Monday, May 14 the company was downgraded by J.P. Morgan.

For more Xerox Corporation (NYSE:XRX) news released briefly go to: Seekingalpha.com, Seekingalpha.com, Seekingalpha.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “Xerox: An Opportunity That’s Hard To Duplicate” released on May 31, 2018, “$2 Billion Texas Lawsuit Will Empty Conduent’s ‘Benefit Wallet'” on June 22, 2018, “Xerox likely will not renew Fujifilm technology agreement” with a publish date: June 25, 2018, “Xerox names Steve Bandrowczak President and COO” and the last “Fujifilm threatens Xerox if partnership not renewed” with publication date: June 27, 2018.

Xerox Corporation (NYSE:XRX) Analyst Ratings Chart

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