Bae Systems PLC (OTCMKTS:BAESY) Short Interest Up 309.7% in July

Bae Systems PLC (OTCMKTS:BAESY) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 88,467 shares, a growth of 309.7% from the June 30th total of 21,594 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 481,336 shares, the short-interest ratio is currently 0.2 days.

Bae Systems Price Performance

OTCMKTS:BAESY opened at $106.51 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.99. Bae Systems has a twelve month low of $84.50 and a twelve month high of $126.00. The firm has a 50-day moving average price of $101.99 and a two-hundred day moving average price of $109.60.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Erste Group Bank cut shares of Bae Systems from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Morgan Stanley reissued an “overweight” rating on shares of Bae Systems in a research report on Thursday, June 25th. Finally, Kepler Capital Markets upgraded shares of Bae Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, June 24th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Bae Systems currently has an average rating of “Moderate Buy”.

Institutional Trading of Bae Systems

Hedge funds have recently added to or reduced their stakes in the business. Altrius Capital Management Inc increased its stake in Bae Systems by 5.5% during the fourth quarter. Altrius Capital Management Inc now owns 93,878 shares of the aerospace company’s stock worth $8,719,000 after acquiring an additional 4,911 shares during the last quarter. Collaborative Fund Advisors LLC acquired a new stake in shares of Bae Systems in the first quarter worth $897,000. Sterling Capital Management LLC purchased a new position in shares of Bae Systems in the 1st quarter valued at $1,146,000. Rhumbline Advisers raised its stake in shares of Bae Systems by 2.9% in 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 period. Finally, Atlas Capital Advisors Inc. purchased a new stake in Bae Systems during the 4th quarter worth $98,000. 0.21% of the stock is owned by institutional investors and hedge funds.

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.