Bae Systems PLC (OTCMKTS:BAESY) Sees Large Decrease in Short Interest

Bae Systems PLC (OTCMKTS:BAESY) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 71,200 shares, a drop of 20.3% from the August 15th total of 89,300 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 700,200 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 700,200 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Bae Systems Stock Performance

Shares of BAESY opened at $106.78 on Friday. Bae Systems has a one year low of $56.19 and a one year high of $111.71. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 0.65. The business has a fifty day moving average of $98.96 and a 200 day moving average of $95.81.

Institutional Trading of Bae Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. boosted its position in shares of Bae Systems by 49.4% during the first quarter. First Horizon Advisors Inc. now owns 620 shares of the aerospace company’s stock worth $51,000 after acquiring an additional 205 shares during the last quarter. Atlas Capital Advisors Inc. lifted its stake in Bae Systems by 116.9% in the 1st quarter. Atlas Capital Advisors Inc. now owns 1,900 shares of the aerospace company’s stock worth $156,000 after purchasing an additional 1,024 shares in the last quarter. HighPoint Advisor Group LLC bought a new position in shares of Bae Systems during the 1st quarter valued at about $185,000. GAMMA Investing LLC grew its position in shares of Bae Systems by 26.0% during the first quarter. GAMMA Investing LLC now owns 2,260 shares of the aerospace company’s stock valued at $186,000 after purchasing an additional 466 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Bae Systems by 19.6% in the first quarter. Rhumbline Advisers now owns 5,485 shares of the aerospace company’s stock worth $451,000 after purchasing an additional 897 shares during the last quarter. Institutional investors own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on BAESY shares. Bank of America raised shares of Bae Systems from an “underperform” rating to a “buy” rating in a research note on Tuesday, June 10th. Kepler Capital Markets lowered Bae Systems from a “hold” rating to a “reduce” rating in a research note on Monday, July 7th. Finally, Jefferies Financial Group upgraded Bae Systems from a “hold” rating to a “buy” rating in a report on Friday, August 1st. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

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.