Bae Systems PLC (OTCMKTS:BAESY) Short Interest Down 48.1% in December

Bae Systems PLC (OTCMKTS:BAESY) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 88,651 shares, a decrease of 48.1% from the November 30th total of 170,770 shares. Based on an average trading volume of 1,301,752 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 1,301,752 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group assumed coverage on Bae Systems in a research note on Friday, September 19th. They set a “buy” rating for the company. Erste Group Bank assumed coverage on shares of Bae Systems in a research report on Friday, October 3rd. They set a “buy” rating for the company. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Bae Systems currently has a consensus rating of “Moderate Buy”.

Bae Systems Stock Up 0.9%

Shares of OTCMKTS:BAESY opened at $94.25 on Monday. Bae Systems has a 1-year low of $56.55 and a 1-year high of $111.96. The firm’s 50 day simple moving average is $93.26 and its two-hundred day simple moving average is $98.82.

Institutional Investors Weigh In On Bae Systems

Institutional investors have recently bought and sold shares of the business. Arrow Capital Pty Ltd purchased a new position in shares of Bae Systems in the third quarter valued at about $5,531,000. First Merchants Corp lifted its holdings in Bae Systems by 9.0% in the 2nd quarter. First Merchants Corp now owns 62,252 shares of the aerospace company’s stock worth $6,437,000 after purchasing an additional 5,144 shares in the last quarter. L & S Advisors Inc boosted its stake in Bae Systems by 27.2% in the 2nd quarter. L & S Advisors Inc now owns 16,669 shares of the aerospace company’s stock worth $1,751,000 after purchasing an additional 3,562 shares during the period. Ramirez Asset Management Inc. grew its holdings in Bae Systems by 2.9% during the 2nd quarter. Ramirez Asset Management Inc. now owns 68,509 shares of the aerospace company’s stock valued at $7,084,000 after buying an additional 1,954 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of Bae Systems by 19.6% during the first quarter. Rhumbline Advisers now owns 5,485 shares of the aerospace company’s stock valued at $451,000 after buying an additional 897 shares during the last quarter. Hedge funds and other 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.