Bae Systems PLC (OTCMKTS:BAESY) Sees Large Increase in Short Interest

Bae Systems PLC (OTCMKTS:BAESY) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 224,690 shares, a growth of 153.5% from the December 15th total of 88,651 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 1,038,137 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 1,038,137 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Bae Systems Price Performance

Shares of Bae Systems stock opened at $110.36 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.84 and a current ratio of 0.96. The firm has a fifty day simple moving average of $94.54 and a 200-day simple moving average of $98.86. Bae Systems has a 1-year low of $58.11 and a 1-year high of $114.90.

Wall Street Analyst Weigh In

BAESY has been the topic of a number of research reports. Sanford C. Bernstein downgraded Bae Systems from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 6th. Kepler Capital Markets upgraded shares of Bae Systems from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Erste Group Bank initiated coverage on shares of Bae Systems in a research note on Friday, October 3rd. They issued a “buy” rating on the stock. Finally, The Goldman Sachs Group assumed coverage on Bae Systems in a research report on Friday, September 19th. They set a “buy” rating for the company. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Institutional Investors Weigh In On Bae Systems

A number of hedge funds have recently bought and sold shares of BAESY. Salomon & Ludwin LLC boosted its position in shares of Bae Systems by 3,150.0% in the third quarter. Salomon & Ludwin LLC now owns 260 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 252 shares during the period. Hantz Financial Services Inc. boosted its holdings in Bae Systems by 73.0% in the 3rd 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 period. Steigerwald Gordon & Koch Inc. acquired a new stake in Bae Systems in the 3rd quarter worth $44,000. First Horizon Advisors Inc. increased its holdings in shares of Bae Systems by 68.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,046 shares of the aerospace company’s stock worth $110,000 after purchasing an additional 426 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Bae Systems by 25.6% during the second quarter. GAMMA Investing LLC now owns 2,838 shares of the aerospace company’s stock valued at $298,000 after buying an additional 578 shares during the last quarter. 0.21% of the stock is currently owned by institutional investors.

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.