BAE Systems plc (OTCMKTS:BAESY) Short Interest Update

BAE Systems plc (OTCMKTS:BAESY) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 45,900 shares, an increase of 117.5% from the August 15th total of 21,100 shares. Based on an average trading volume of 162,100 shares, the days-to-cover ratio is presently 0.3 days.

BAE Systems Trading Up 1.6 %

BAESY stock opened at $69.62 on Friday. BAE Systems has a 52-week low of $47.81 and a 52-week high of $72.81. The business has a fifty day moving average of $67.44 and a two-hundred day moving average of $67.97. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.97.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded shares of BAE Systems from a “neutral” rating to a “buy” rating in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, BAE Systems currently has a consensus rating of “Hold”.

Institutional Trading of BAE Systems

Several institutional investors and hedge funds have recently bought and sold shares of the stock. AdvisorShares Investments LLC purchased a new position in BAE Systems during the fourth quarter worth about $699,000. GAMMA Investing LLC lifted its holdings in shares of BAE Systems by 16.4% in the 1st quarter. GAMMA Investing LLC now owns 1,548 shares of the aerospace company’s stock worth $107,000 after acquiring an additional 218 shares during the last quarter. Equitable Trust Co. boosted its position in shares of BAE Systems by 0.9% during the 1st quarter. Equitable Trust Co. now owns 57,841 shares of the aerospace company’s stock worth $3,944,000 after purchasing an additional 515 shares during the period. Renaissance Group LLC acquired a new stake in BAE Systems in the 1st quarter valued at approximately $7,239,000. Finally, Confluence Investment Management LLC purchased a new stake in BAE Systems in the second quarter valued at approximately $682,000. 0.21% of the stock is currently owned by hedge funds and other institutional investors.

BAE Systems Company Profile

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.