Short Interest in Bae Systems PLC (OTCMKTS:BAESY) Increases By 97.4%

Bae Systems PLC (OTCMKTS:BAESY) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 397,630 shares, an increase of 97.4% from the January 29th total of 201,471 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 1,142,203 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 1,142,203 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Bae Systems

Institutional investors and hedge funds have recently bought and sold shares of the business. Hantz Financial Services Inc. lifted its stake in Bae Systems by 73.0% during the third quarter. Hantz Financial Services Inc. now owns 327 shares of the aerospace company’s stock valued at $36,000 after purchasing an additional 138 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Bae Systems by 9.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,690 shares of the aerospace company’s stock valued at $157,000 after buying an additional 140 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Bae Systems by 2.9% during the 2nd quarter. Rhumbline Advisers now owns 5,643 shares of the aerospace company’s stock valued at $593,000 after acquiring an additional 158 shares during the last quarter. RNC Capital Management LLC boosted its stake in shares of Bae Systems by 4.2% during the 4th quarter. RNC Capital Management LLC now owns 5,655 shares of the aerospace company’s stock worth $525,000 after acquiring an additional 227 shares in the last quarter. Finally, Salomon & Ludwin LLC grew its holdings in shares of Bae Systems by 3,150.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 260 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 252 shares during the last quarter. 0.21% of the stock is owned by institutional investors and hedge funds.

Bae Systems Stock Up 0.9%

OTCMKTS BAESY traded up $1.06 on Friday, reaching $116.00. 306,115 shares of the stock traded hands, compared to its average volume of 516,324. Bae Systems has a 12 month low of $71.16 and a 12 month high of $118.95. The firm’s fifty day simple moving average is $106.69 and its 200 day simple moving average is $101.02. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.84 and a current ratio of 0.96.

Analyst Ratings Changes

Several brokerages have commented on BAESY. Jefferies Financial Group restated a “hold” rating on shares of Bae Systems in a research note on Wednesday, February 18th. Kepler Capital Markets raised Bae Systems from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Finally, Sanford C. Bernstein downgraded Bae Systems from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 6th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

About Bae Systems

BAE Systems plc is a global defense, security and aerospace company that designs, develops and manufactures a broad range of military and related products and services. Formed in 1999 through the combination of British Aerospace and Marconi Electronic Systems, the company supplies platforms, systems and support across air, land, maritime and cyber domains. Its portfolio spans combat and support aircraft systems, naval shipbuilding and subsystems, armored and land combat solutions, electronic and sensor systems, munitions, and intelligence, surveillance and cybersecurity capabilities.

BAE Systems serves government and military customers worldwide, with particularly large footprints in the United Kingdom and the United States as well as operations and sales across Europe, the Middle East, Australia and other markets.