Bae Systems PLC (OTCMKTS:BAESY) Short Interest Update

Bae Systems PLC (OTCMKTS:BAESY) was the target of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 397,630 shares, an increase of 97.4% from the January 29th total of 201,471 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 1,142,203 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 1,142,203 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Bae Systems

Several large investors have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC grew its position in Bae Systems by 3,150.0% during the third quarter. Salomon & Ludwin LLC now owns 260 shares of the aerospace company’s stock worth $29,000 after buying an additional 252 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of Bae Systems by 73.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 327 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 138 shares during the last quarter. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Bae Systems during the 3rd quarter valued at about $44,000. Atlas Capital Advisors Inc. purchased a new position in shares of Bae Systems during the fourth quarter worth about $98,000. Finally, First Horizon Advisors Inc. increased its position in shares of Bae Systems by 68.7% in the second 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 last quarter. Institutional investors own 0.21% of the company’s stock.

Bae Systems Stock Performance

Bae Systems stock opened at $114.94 on Friday. Bae Systems has a 1-year low of $69.87 and a 1-year high of $118.95. The company has a quick ratio of 0.84, a current ratio of 0.96 and a debt-to-equity ratio of 0.64. The firm’s 50 day simple moving average is $106.24 and its 200 day simple moving average is $100.81.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. 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. Sanford C. Bernstein lowered shares of Bae Systems from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 6th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Bae Systems in a research report on Wednesday, February 18th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently 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.