BAE Systems plc (OTCMKTS:BAESY) Short Interest Up 154.3% in January

BAE Systems plc (OTCMKTS:BAESY) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 56,700 shares, an increase of 154.3% from the December 31st total of 22,300 shares. Based on an average daily volume of 497,900 shares, the days-to-cover ratio is currently 0.1 days.

BAE Systems Trading Down 4.3 %

BAESY traded down $2.70 during midday trading on Thursday, reaching $59.55. 604,539 shares of the company’s stock were exchanged, compared to its average volume of 225,044. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 0.72. BAE Systems has a one year low of $56.19 and a one year high of $72.81. The business has a 50-day simple moving average of $60.48 and a two-hundred day simple moving average of $65.22.

Wall Street Analyst Weigh In

Separately, Bank of America reaffirmed an “underperform” rating on shares of BAE Systems in a research note on Friday, November 29th.

Institutional Trading of BAE Systems

Institutional investors and hedge funds have recently made changes to their positions in the business. Nisa Investment Advisors LLC acquired a new position in shares of BAE Systems in the 4th quarter valued at $26,000. Principal Street Partners LLC boosted its stake in BAE Systems by 99.0% in the 3rd quarter. Principal Street Partners LLC now owns 17,628 shares of the aerospace company’s stock worth $1,178,000 after purchasing an additional 8,769 shares during the period. Dorsey Wright & Associates boosted its stake in BAE Systems by 11.7% in the 3rd quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company’s stock worth $3,775,000 after purchasing an additional 5,936 shares during the period. Finally, Altrius Capital Management Inc boosted its stake in BAE Systems by 2.3% in the 3rd quarter. Altrius Capital Management Inc now owns 109,506 shares of the aerospace company’s stock worth $7,266,000 after purchasing an additional 2,470 shares during the period. Institutional investors own 0.21% of the company’s stock.

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.