Short Interest in BAE Systems plc (OTCMKTS:BAESF) Drops By 37.7%

BAE Systems plc (OTCMKTS:BAESF) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 888,200 shares, a decline of 37.7% from the February 13th total of 1,425,500 shares. Based on an average trading volume of 155,300 shares, the short-interest ratio is presently 5.7 days.

BAE Systems Stock Up 3.7 %

Shares of BAE Systems stock traded up $0.78 during trading on Friday, reaching $21.55. 91,571 shares of the company traded hands, compared to its average volume of 78,842. BAE Systems has a 1-year low of $14.03 and a 1-year high of $22.43. The company has a 50 day moving average price of $16.62 and a 200-day moving average price of $16.52.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in BAE Systems stock. GAMMA Investing LLC boosted its holdings in shares of BAE Systems plc (OTCMKTS:BAESF) by 311.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,187 shares of the company’s stock after buying an additional 4,683 shares during the period. GAMMA Investing LLC’s holdings in BAE Systems were worth $90,000 as of its most recent SEC filing. 40.72% of the stock is currently owned by hedge funds and other institutional investors.

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.