BAE Systems plc (OTCMKTS:BAESY) Short Interest Update

BAE Systems plc (OTCMKTS:BAESY) was the target of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 36,300 shares, a decrease of 36.0% from the January 15th total of 56,700 shares. Based on an average daily trading volume, of 555,000 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of BAE Systems

A number of hedge funds have recently bought and sold shares of BAESY. Principal Street Partners LLC boosted its holdings in BAE Systems by 99.0% in the 3rd quarter. Principal Street Partners LLC now owns 17,628 shares of the aerospace company’s stock valued at $1,178,000 after purchasing an additional 8,769 shares during the period. Dorsey Wright & Associates boosted its holdings in BAE Systems by 11.7% in the 3rd quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company’s stock valued at $3,775,000 after purchasing an additional 5,936 shares during the period. Altrius Capital Management Inc boosted its holdings in BAE Systems by 3.3% in the 4th quarter. Altrius Capital Management Inc now owns 113,168 shares of the aerospace company’s stock valued at $6,469,000 after purchasing an additional 3,662 shares during the period. Sit Investment Associates Inc. boosted its holdings in BAE Systems by 4.3% in the 4th quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company’s stock valued at $3,166,000 after purchasing an additional 2,285 shares during the period. Finally, Ramirez Asset Management Inc. boosted its holdings in 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 purchasing an additional 2,211 shares during the period. 0.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Bank of America restated an “underperform” rating on shares of BAE Systems in a research report on Friday, November 29th.

BAE Systems Price Performance

Shares of BAESY traded up $3.87 during mid-day trading on Friday, hitting $63.07. 275,771 shares of the company’s stock were exchanged, compared to its average volume of 263,555. The firm has a fifty day moving average of $59.50 and a two-hundred day moving average of $64.80. BAE Systems has a twelve month low of $56.19 and a twelve month high of $72.81. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.91 and a current ratio of 1.03.

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.