Short Interest in BAE Systems plc (OTCMKTS:BAESY) Increases By 154.3%

BAE Systems plc (OTCMKTS:BAESY) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 56,700 shares, a growth of 154.3% from the December 31st total of 22,300 shares. Based on an average trading volume of 497,900 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Principal Street Partners LLC boosted its holdings in shares of BAE Systems by 99.0% in the third quarter. Principal Street Partners LLC now owns 17,628 shares of the aerospace company’s stock valued at $1,178,000 after acquiring an additional 8,769 shares in the last quarter. Nisa Investment Advisors LLC bought a new position in BAE Systems during the 4th quarter valued at $26,000. Dorsey Wright & Associates increased its position 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 purchasing an additional 5,936 shares during the period. Finally, Altrius Capital Management Inc raised its stake in shares of BAE Systems by 2.3% in the 3rd quarter. Altrius Capital Management Inc now owns 109,506 shares of the aerospace company’s stock worth $7,266,000 after buying an additional 2,470 shares in the last quarter. Institutional investors and hedge funds own 0.21% of the company’s stock.

BAE Systems Stock Up 0.9 %

Shares of BAESY traded up $0.55 during midday trading on Friday, reaching $60.79. 129,100 shares of the company were exchanged, compared to its average volume of 279,600. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 0.72. BAE Systems has a 1-year low of $56.19 and a 1-year high of $72.81. The stock has a 50-day moving average price of $60.22 and a 200-day moving average price of $65.14.

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.