BAE Systems plc (OTCMKTS:BAESY) Short Interest Update

BAE Systems plc (OTCMKTS:BAESY) was the target of a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 21,100 shares, an increase of 90.1% from the July 31st total of 11,100 shares. Based on an average trading volume of 208,100 shares, the days-to-cover ratio is presently 0.1 days.

BAE Systems Stock Up 0.5 %

BAESY stock opened at $70.30 on Wednesday. The company’s 50 day simple moving average is $66.73 and its 200-day simple moving average is $67.42. BAE Systems has a 12 month low of $47.81 and a 12 month high of $72.81. The company has a current ratio of 1.08, a quick ratio of 0.97 and a debt-to-equity ratio of 0.41.

Institutional Trading of BAE Systems

Several large investors have recently modified their holdings of BAESY. Renaissance Group LLC acquired a new stake in shares of BAE Systems in the first quarter valued at approximately $7,239,000. AdvisorShares Investments LLC purchased a new position in shares of BAE Systems during the fourth quarter valued at approximately $699,000. Confluence Investment Management LLC purchased a new position in shares of BAE Systems during the second quarter valued at approximately $682,000. Atlas Capital Advisors LLC lifted its stake in shares of BAE Systems by 68.9% during the second quarter. Atlas Capital Advisors LLC now owns 4,044 shares of the aerospace company’s stock valued at $270,000 after buying an additional 1,650 shares during the period. Finally, GAMMA Investing LLC purchased a new position in shares of BAE Systems during the fourth quarter valued at approximately $81,000. 0.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BAESY has been the topic of a number of recent analyst reports. Citigroup upgraded shares of BAE Systems from a “neutral” rating to a “buy” rating in a research note on Monday, July 29th. Bank of America lowered shares of BAE Systems from a “buy” rating to a “neutral” rating in a research note on Monday, May 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold”.

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.