Bae Systems PLC (OTCMKTS:BAESY) Short Interest Down 51.1% in January

Bae Systems PLC (OTCMKTS:BAESY) saw a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 201,471 shares, a decrease of 51.1% from the January 15th total of 411,837 shares. Based on an average trading volume of 1,586,411 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 1,586,411 shares, the days-to-cover ratio is currently 0.1 days.

Bae Systems Stock Performance

OTCMKTS BAESY opened at $105.50 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. Bae Systems has a 12 month low of $61.90 and a 12 month high of $114.90. The company’s 50 day moving average is $101.63 and its two-hundred day moving average is $99.63.

Analyst Ratings Changes

BAESY has been the subject of several research reports. Kepler Capital Markets raised shares of Bae Systems from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Jefferies Financial Group lowered shares of Bae Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Finally, Sanford C. Bernstein downgraded shares of Bae Systems from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 6th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Bae Systems presently has a consensus rating of “Moderate Buy”.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Hantz Financial Services Inc. increased its stake in Bae Systems by 73.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 327 shares of the aerospace company’s stock worth $36,000 after buying an additional 138 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Bae Systems by 9.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,690 shares of the aerospace company’s stock worth $157,000 after purchasing an additional 140 shares in the last quarter. Rhumbline Advisers raised its stake in Bae Systems by 2.9% during the 2nd quarter. Rhumbline Advisers now owns 5,643 shares of the aerospace company’s stock valued at $593,000 after purchasing an additional 158 shares during the period. RNC Capital Management LLC lifted its holdings in Bae Systems by 4.2% in the 4th quarter. RNC Capital Management LLC now owns 5,655 shares of the aerospace company’s stock worth $525,000 after purchasing an additional 227 shares in the last quarter. Finally, Salomon & Ludwin LLC boosted its stake in Bae Systems by 3,150.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 260 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 252 shares during the period. Institutional investors own 0.21% of the company’s stock.

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.