BAE Systems plc (OTCMKTS:BAESF) Short Interest Update

BAE Systems plc (OTCMKTS:BAESF) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 664,900 shares, an increase of 22.0% from the October 15th total of 544,800 shares. Based on an average trading volume of 27,000 shares, the days-to-cover ratio is presently 24.6 days.

Institutional Investors Weigh In On BAE Systems

An institutional investor recently bought a new position in BAE Systems stock. Eagle Bay Advisors LLC acquired a new position in BAE Systems plc (OTCMKTS:BAESF) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,050 shares of the company’s stock, valued at approximately $34,000. 40.72% of the stock is owned by hedge funds and other institutional investors.

BAE Systems Trading Up 1.6 %

Shares of BAESF stock opened at $16.80 on Friday. The company has a 50 day moving average price of $17.03 and a 200-day moving average price of $17.05. BAE Systems has a 52 week low of $12.85 and a 52 week high of $18.26.

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.