BAE Systems plc (OTCMKTS:BAESY) Short Interest Update

BAE Systems plc (OTCMKTS:BAESY) was the recipient 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 daily trading volume, of 497,900 shares, the days-to-cover ratio is presently 0.1 days.

BAE Systems Price Performance

BAESY traded up $0.55 on Friday, reaching $60.79. 129,100 shares of the company’s stock were exchanged, compared to its average volume of 279,600. 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 has a twelve month low of $56.19 and a twelve month high of $72.81. The stock’s fifty day moving average price is $60.22 and its 200-day moving average price is $65.14.

Institutional Investors Weigh In On BAE Systems

Large investors have recently made changes to their positions in the stock. Principal Street Partners LLC grew 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 buying an additional 8,769 shares in the last quarter. Dorsey Wright & Associates grew its holdings in shares of BAE Systems by 11.7% in the third 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 increased its position in BAE Systems by 2.3% during the third quarter. Altrius Capital Management Inc now owns 109,506 shares of the aerospace company’s stock worth $7,266,000 after purchasing an additional 2,470 shares during the last quarter. Finally, Nisa Investment Advisors LLC purchased a new position in BAE Systems during the fourth quarter worth about $26,000. 0.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.