BAE Systems plc (OTCMKTS:BAESF) Short Interest Update

BAE Systems plc (OTCMKTS:BAESF) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 664,900 shares, an increase of 22.0% from the October 15th total of 544,800 shares. Based on an average daily trading volume, of 27,000 shares, the days-to-cover ratio is presently 24.6 days.

Institutional Investors Weigh In On BAE Systems

A hedge fund recently bought a new stake in BAE Systems stock. Eagle Bay Advisors LLC bought a new stake in BAE Systems plc (OTCMKTS:BAESF) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,050 shares of the company’s stock, valued at approximately $34,000. Hedge funds and other institutional investors own 40.72% of the company’s stock.

BAE Systems Stock Performance

Shares of OTCMKTS:BAESF traded down $0.62 during mid-day trading on Friday, reaching $16.53. 10,810 shares of the company were exchanged, compared to its average volume of 37,304. The firm’s 50-day simple moving average is $17.04 and its 200 day simple moving average is $17.05. BAE Systems has a 1 year low of $12.85 and a 1 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.