Bae Systems PLC (OTCMKTS:BAESY) Short Interest Update

Bae Systems PLC (OTCMKTS:BAESY) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 24,682 shares, a decrease of 49.5% from the May 31st total of 48,909 shares. Based on an average daily trading volume, of 480,870 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Bae Systems Stock Up 1.2%

Shares of Bae Systems stock opened at $96.05 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60. The company has a 50-day simple moving average of $105.00 and a two-hundred day simple moving average of $108.37. Bae Systems has a one year low of $84.50 and a one year high of $126.00.

Institutional Investors Weigh In On Bae Systems

Hedge funds and other institutional investors have recently bought and sold shares of the company. Arrow Capital Pty Ltd acquired a new stake in Bae Systems in the third quarter valued at approximately $5,531,000. Sterling Capital Management LLC acquired a new position in shares of Bae Systems during the first quarter worth $1,146,000. Collaborative Fund Advisors LLC acquired a new position in shares of Bae Systems during the first quarter worth $897,000. Altrius Capital Management Inc lifted its holdings in shares of Bae Systems by 5.5% during the 4th quarter. Altrius Capital Management Inc now owns 93,878 shares of the aerospace company’s stock valued at $8,719,000 after purchasing an additional 4,911 shares during the last quarter. Finally, Ramirez Asset Management Inc. boosted its position in shares of Bae Systems by 6.8% in the 4th quarter. Ramirez Asset Management Inc. now owns 70,620 shares of the aerospace company’s stock worth $6,512,000 after purchasing an additional 4,527 shares in the last quarter. Hedge funds and other institutional investors own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

BAESY has been the subject of several recent research reports. Morgan Stanley restated an “overweight” rating on shares of Bae Systems in a report on Thursday. Kepler Capital Markets raised shares of Bae Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, June 24th. Finally, Erste Group Bank lowered shares of Bae Systems from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, 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.