Short Interest in Xerox Holdings Co. (NYSE:XRX) Rises By 79,609.1%

Xerox Holdings Co. (NYSE:XRX) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 21,920,000 shares, anincreaseof79,609.1% from the June 30th total of 27,500 shares. Approximately18.9% of the company’s stock are sold short. Based on an average trading volume of 3,940,000 shares, the short-interest ratio is currently 5.6 days. Based on an average trading volume of 3,940,000 shares, the short-interest ratio is currently 5.6 days. Approximately18.9% of the company’s stock are sold short.

Xerox Trading Down 3.0%

Shares of XRX stock opened at $3.93 on Friday. Xerox has a 52-week low of $3.44 and a 52-week high of $11.42. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.84 and a current ratio of 1.11. The company has a 50-day simple moving average of $5.27 and a two-hundred day simple moving average of $5.84. The company has a market capitalization of $494.35 million, a price-to-earnings ratio of -0.37 and a beta of 1.82.

Xerox (NYSE:XRX) last issued its quarterly earnings data on Thursday, July 31st. The information technology services provider reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.71). Xerox had a positive return on equity of 7.57% and a negative net margin of 21.24%. During the same quarter in the prior year, the company earned $0.29 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. Research analysts anticipate that Xerox will post 1.07 EPS for the current fiscal year.

Xerox Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, June 30th. Xerox’s payout ratio is presently -0.87%.

Insider Buying and Selling at Xerox

In other Xerox news, Director A. Scott Letier bought 25,000 shares of the firm’s stock in a transaction dated Friday, May 23rd. The stock was bought at an average cost of $4.43 per share, with a total value of $110,750.00. Following the completion of the transaction, the director directly owned 29,384 shares in the company, valued at approximately $130,171.12. The trade was a 570.26% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Steven John Bandrowczak acquired 22,300 shares of Xerox stock in a transaction on Friday, May 23rd. The stock was purchased at an average cost of $4.48 per share, with a total value of $99,904.00. Following the completion of the transaction, the chief executive officer directly owned 382,442 shares in the company, valued at $1,713,340.16. This represents a 6.19% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 82,300 shares of company stock valued at $364,254. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its stake in Xerox by 110.8% in the first quarter. PNC Financial Services Group Inc. now owns 5,539 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 2,911 shares during the last quarter. Allworth Financial LP boosted its stake in Xerox by 137.7% in the first quarter. Allworth Financial LP now owns 6,014 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 3,484 shares during the last quarter. Larson Financial Group LLC boosted its stake in Xerox by 331.8% in the first quarter. Larson Financial Group LLC now owns 6,507 shares of the information technology services provider’s stock valued at $31,000 after acquiring an additional 5,000 shares during the last quarter. GAMMA Investing LLC boosted its stake in Xerox by 569.7% in the first quarter. GAMMA Investing LLC now owns 7,045 shares of the information technology services provider’s stock valued at $34,000 after acquiring an additional 5,993 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Xerox in the second quarter valued at about $34,000. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

About Xerox

Xerox Holdings Corporation, together with its subsidiaries, operates as a workplace technology company that integrates hardware, services, and software for enterprises in the Americas, Europe, the Middle East, Africa, India, and internationally. The company operates through two segments, Print and Other; and FITTLE.