Bae Systems PLC (OTCMKTS:BAESY) Short Interest Up 75.5% in May

Bae Systems PLC (OTCMKTS:BAESY) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 48,909 shares, a growth of 75.5% from the May 14th total of 27,861 shares. Based on an average daily volume of 477,762 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BAESY. Arrow Capital Pty Ltd bought a new position in shares of Bae Systems during the 3rd quarter valued at approximately $5,531,000. Sterling Capital Management LLC bought a new position in shares of Bae Systems during the 1st quarter valued at approximately $1,146,000. Collaborative Fund Advisors LLC purchased a new stake in shares of Bae Systems during the 1st quarter valued at approximately $897,000. Altrius Capital Management Inc lifted its stake 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 buying an additional 4,911 shares in the last quarter. Finally, Ramirez Asset Management Inc. lifted its stake in shares of Bae Systems by 6.8% during the 4th quarter. Ramirez Asset Management Inc. now owns 70,620 shares of the aerospace company’s stock valued at $6,512,000 after buying an additional 4,527 shares in the last quarter. 0.21% of the stock is owned by institutional investors.

Bae Systems Price Performance

Bae Systems stock opened at $102.22 on Monday. 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 $110.50 and a 200-day moving average price of $107.69. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.99 and a quick ratio of 0.87.

Analyst Ratings Changes

Separately, Jefferies Financial Group reissued a “hold” rating on shares of Bae Systems in a research report on Wednesday, February 18th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Bae Systems Company Profile

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.