BAE Systems plc (OTCMKTS:BAESY) Short Interest Down 36.0% in January

BAE Systems plc (OTCMKTS:BAESY) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 36,300 shares, a decrease of 36.0% from the January 15th total of 56,700 shares. Based on an average trading volume of 555,000 shares, the short-interest ratio is currently 0.1 days.

BAE Systems Stock Performance

OTCMKTS:BAESY opened at $61.90 on Friday. The stock’s fifty day moving average price is $59.49 and its two-hundred day moving average price is $64.77. BAE Systems has a 1 year low of $56.19 and a 1 year high of $72.81. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.91 and a current ratio of 1.03.

Wall Street Analyst Weigh In

Separately, Bank of America restated an “underperform” rating on shares of BAE Systems in a research report on Friday, November 29th.

Institutional Investors Weigh In On BAE Systems

Institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC purchased a new stake in shares of BAE Systems during the fourth quarter worth $26,000. Principal Street Partners LLC raised its position in shares of BAE Systems by 99.0% in the third quarter. Principal Street Partners LLC now owns 17,628 shares of the aerospace company’s stock worth $1,178,000 after buying an additional 8,769 shares in the last quarter. Sit Investment Associates Inc. raised its position in shares of BAE Systems by 4.3% in the fourth quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company’s stock worth $3,166,000 after buying an additional 2,285 shares in the last quarter. Dorsey Wright & Associates raised its position in shares of 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 in the last quarter. Finally, Ramirez Asset Management Inc. raised its position in shares of BAE Systems by 3.4% in the fourth quarter. Ramirez Asset Management Inc. now owns 67,760 shares of the aerospace company’s stock worth $3,899,000 after buying an additional 2,211 shares in the last quarter. Hedge funds and other institutional investors own 0.21% of the company’s stock.

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.