Short Interest in BAE Systems plc (OTCMKTS:BAESY) Increases By 304.1%

BAE Systems plc (OTCMKTS:BAESY) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 274,800 shares, a growth of 304.1% from the February 13th total of 68,000 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 1,986,900 shares, the days-to-cover ratio is currently 0.1 days.

BAE Systems Stock Up 3.7 %

BAESY stock opened at $87.86 on Friday. The business’s 50-day moving average price is $66.55 and its 200-day moving average price is $66.00. BAE Systems has a twelve month low of $56.19 and a twelve month high of $88.00. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 0.72.

Hedge Funds Weigh In On BAE Systems

Large investors have recently added to or reduced their stakes in the company. Principal Street Partners LLC grew its position in shares of BAE Systems by 99.0% during the third quarter. Principal Street Partners LLC now owns 17,628 shares of the aerospace company’s stock worth $1,178,000 after purchasing an additional 8,769 shares in the last quarter. Altrius Capital Management Inc raised its position in shares of BAE Systems by 3.3% during the 4th quarter. Altrius Capital Management Inc now owns 113,168 shares of the aerospace company’s stock valued at $6,469,000 after buying an additional 3,662 shares in the last quarter. Nisa Investment Advisors LLC purchased a new stake in BAE Systems during the fourth quarter valued at approximately $26,000. Dorsey Wright & Associates lifted its position in BAE Systems by 11.7% in the third quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company’s stock worth $3,775,000 after buying an additional 5,936 shares during the last quarter. Finally, Sit Investment Associates Inc. lifted its holdings in shares of BAE Systems by 4.3% in the 4th quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company’s stock worth $3,166,000 after acquiring an additional 2,285 shares during the last quarter. Hedge funds and other institutional investors own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BAESY. Bank of America restated an “underperform” rating on shares of BAE Systems in a research note on Friday, November 29th. Berenberg Bank cut BAE Systems from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 10th.

BAE Systems Company Profile

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.