BAE Systems plc (OTCMKTS:BAESY) Sees Large Growth in Short Interest

BAE Systems plc (OTCMKTS:BAESY) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 274,800 shares, a growth of 304.1% from the February 13th total of 68,000 shares. Based on an average daily trading volume, of 1,986,900 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BAESY. Bank of America restated an “underperform” rating on shares of BAE Systems in a report on Friday, November 29th. Berenberg Bank cut BAE Systems from a “strong-buy” rating to a “hold” rating in a research note on Monday.

BAE Systems Stock Up 0.4 %

Shares of OTCMKTS:BAESY traded up $0.37 during mid-day trading on Friday, hitting $84.74. The stock had a trading volume of 268,321 shares, compared to its average volume of 670,757. BAE Systems has a 12-month low of $56.19 and a 12-month high of $87.44. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 0.72. The company’s 50 day moving average is $65.94 and its 200-day moving average is $65.87.

Institutional Trading of BAE Systems

A number of hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC acquired a new position in BAE Systems in the 4th quarter valued at approximately $26,000. Principal Street Partners LLC raised its holdings in BAE Systems by 99.0% during the third quarter. Principal Street Partners LLC now owns 17,628 shares of the aerospace company’s stock valued at $1,178,000 after buying an additional 8,769 shares in the last quarter. Sit Investment Associates Inc. boosted its stake in shares of BAE Systems by 4.3% during the 4th quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company’s stock worth $3,166,000 after acquiring an additional 2,285 shares in the last quarter. Dorsey Wright & Associates increased its holdings in shares of BAE Systems by 11.7% during the 3rd quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company’s stock valued at $3,775,000 after acquiring an additional 5,936 shares during the last quarter. Finally, Ramirez Asset Management Inc. raised its stake in shares of BAE Systems by 3.4% in the 4th quarter. Ramirez Asset Management Inc. now owns 67,760 shares of the aerospace company’s stock valued at $3,899,000 after acquiring an additional 2,211 shares in the last quarter. Hedge funds and other institutional investors own 0.21% of the company’s stock.

About BAE Systems

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.