Bae Systems PLC (OTCMKTS:BAESY) Short Interest Update

Bae Systems PLC (OTCMKTS:BAESY) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 195,196 shares, a growth of 157.6% from the February 26th total of 75,774 shares. Based on an average trading volume of 771,021 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 771,021 shares, the short-interest ratio is currently 0.3 days.

Analyst Ratings Changes

Several research firms have recently commented on BAESY. Jefferies Financial Group reaffirmed a “hold” rating on shares of Bae Systems in a report on Wednesday, February 18th. Kepler Capital Markets raised Bae Systems from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Finally, Sanford C. Bernstein lowered Bae Systems from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 6th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Institutional Investors Weigh In On Bae Systems

A number of hedge funds have recently made changes to their positions in BAESY. Hantz Financial Services Inc. boosted its position in shares of Bae Systems by 73.0% during the third quarter. Hantz Financial Services Inc. now owns 327 shares of the aerospace company’s stock worth $36,000 after buying an additional 138 shares during the period. PNC Financial Services Group Inc. increased its position in Bae Systems by 9.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,690 shares of the aerospace company’s stock valued at $157,000 after acquiring an additional 140 shares during the period. Rhumbline Advisers raised its stake in Bae Systems by 2.9% during the 2nd quarter. Rhumbline Advisers now owns 5,643 shares of the aerospace company’s stock valued at $593,000 after acquiring an additional 158 shares in the last quarter. RNC Capital Management LLC raised its stake in Bae Systems by 4.2% during the 4th quarter. RNC Capital Management LLC now owns 5,655 shares of the aerospace company’s stock valued at $525,000 after acquiring an additional 227 shares in the last quarter. Finally, Salomon & Ludwin LLC boosted its position in Bae Systems by 3,150.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 260 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 252 shares during the period. Institutional investors own 0.21% of the company’s stock.

Bae Systems Stock Down 1.9%

Shares of OTCMKTS:BAESY opened at $113.40 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60. The company’s 50-day moving average price is $113.77 and its 200 day moving average price is $104.03. Bae Systems has a fifty-two week low of $76.01 and a fifty-two week high of $126.00.

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.