BAE Systems plc (OTCMKTS:BAESF) Short Interest Down 15.8% in January

BAE Systems plc (OTCMKTS:BAESF) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 2,668,727 shares, a decline of 15.8% from the December 31st total of 3,169,071 shares. Based on an average daily trading volume, of 121,907 shares, the short-interest ratio is presently 21.9 days. Based on an average daily trading volume, of 121,907 shares, the short-interest ratio is presently 21.9 days.

BAE Systems Stock Down 4.0%

Shares of OTCMKTS:BAESF opened at $26.96 on Monday. BAE Systems has a 1 year low of $14.53 and a 1 year high of $29.60. The business’s 50 day moving average price is $24.44 and its 200-day moving average price is $24.81.

Hedge Funds Weigh In On BAE Systems

An institutional investor recently bought a new position in BAE Systems stock. Saranac Partners Ltd purchased a new stake in shares of BAE Systems plc (OTCMKTS:BAESF) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 259,233 shares of the company’s stock, valued at approximately $7,160,000. BAE Systems comprises approximately 1.3% of Saranac Partners Ltd’s portfolio, making the stock its 17th biggest holding. 40.72% of the stock is owned by institutional investors.

About BAE Systems

BAE Systems PLC is a British multinational defence, security and aerospace company formed in 1999 through the merger of British Aerospace and Marconi Electronic Systems. Headquartered in London, the company operates across the full lifecycle of military and security platforms, from concept and design through production, in-service support and upgrades. BAE Systems is recognized for delivering advanced technology solutions to governments and prime contractors around the world.

In its aerospace segment, BAE Systems designs and manufactures combat aircraft, electronic warfare systems and unmanned aerial vehicles.