BAE Systems plc (OTCMKTS:BAESF) Sees Significant Growth in Short Interest

BAE Systems plc (OTCMKTS:BAESF) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 955,800 shares, a growth of 66.3% from the June 30th total of 574,700 shares. Based on an average daily trading volume, of 14,800 shares, the days-to-cover ratio is currently 64.6 days.

BAE Systems Stock Performance

BAE Systems stock traded up $0.07 during trading hours on Friday, hitting $16.26. 9,459 shares of the stock traded hands, compared to its average volume of 48,416. The firm’s 50-day moving average price is $17.06 and its two-hundred day moving average price is $16.50. BAE Systems has a one year low of $11.80 and a one year high of $18.26.

About BAE Systems

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.