Bae Systems PLC (OTCMKTS:BAESY) Sees Significant Increase in Short Interest

Bae Systems PLC (OTCMKTS:BAESY) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 411,837 shares, an increase of 83.3% from the December 31st total of 224,690 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 1,335,648 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 1,335,648 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Bae Systems

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Salomon & Ludwin LLC increased its stake in Bae Systems by 3,150.0% in the third quarter. Salomon & Ludwin LLC now owns 260 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 252 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Bae Systems by 73.0% during the 3rd 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. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Bae Systems during the third quarter worth $44,000. First Horizon Advisors Inc. lifted its holdings in Bae Systems by 68.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,046 shares of the aerospace company’s stock worth $110,000 after buying an additional 426 shares during the period. Finally, Kingswood Wealth Advisors LLC acquired a new position in shares of Bae Systems in the fourth quarter worth approximately $250,000. 0.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BAESY has been the topic of a number of research analyst reports. Erste Group Bank started coverage on shares of Bae Systems in a report on Friday, October 3rd. They set a “buy” rating on the stock. Kepler Capital Markets upgraded Bae Systems from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Finally, Sanford C. Bernstein downgraded shares of Bae Systems from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 6th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Bae Systems Trading Down 1.2%

Shares of Bae Systems stock opened at $110.00 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.84 and a debt-to-equity ratio of 0.64. Bae Systems has a twelve month low of $58.11 and a twelve month high of $114.90. The company has a 50-day simple moving average of $98.03 and a two-hundred day simple moving average of $99.43.

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.