BAE Systems plc (OTCMKTS:BAESY) Short Interest Down 9.5% in October

BAE Systems plc (OTCMKTS:BAESY) saw a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 7,600 shares, a decrease of 9.5% from the October 15th total of 8,400 shares. Based on an average daily volume of 226,300 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Citigroup raised BAE Systems from a “neutral” rating to a “buy” rating in a report on Monday, July 29th.

BAE Systems Stock Up 1.0 %

Shares of OTCMKTS:BAESY opened at $65.59 on Tuesday. BAE Systems has a twelve month low of $51.72 and a twelve month high of $72.81. The company has a 50 day moving average of $67.93 and a 200-day moving average of $68.23.

BAE Systems Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, December 9th. Stockholders of record on Friday, October 25th will be paid a $0.6333 dividend. The ex-dividend date of this dividend is Friday, October 25th.

Institutional Trading of BAE Systems

A number of large investors have recently added to or reduced their stakes in BAESY. GAMMA Investing LLC lifted its position in shares of BAE Systems by 20.8% in the second quarter. GAMMA Investing LLC now owns 1,870 shares of the aerospace company’s stock worth $125,000 after purchasing an additional 322 shares in the last quarter. Atlas Capital Advisors LLC lifted its position in BAE Systems by 68.9% in the 2nd quarter. Atlas Capital Advisors LLC now owns 4,044 shares of the aerospace company’s stock worth $270,000 after buying an additional 1,650 shares in the last quarter. Rhumbline Advisers lifted its position in BAE Systems by 29.3% in the 2nd quarter. Rhumbline Advisers now owns 4,593 shares of the aerospace company’s stock worth $307,000 after buying an additional 1,042 shares in the last quarter. Confluence Investment Management LLC acquired a new stake in shares of BAE Systems during the 2nd quarter valued at $682,000. Finally, Principal Street Partners LLC grew its holdings in shares of BAE Systems by 99.0% during the 3rd quarter. Principal Street Partners LLC now owns 17,628 shares of the aerospace company’s stock valued at $1,178,000 after acquiring an additional 8,769 shares in the last quarter. 0.21% of the stock is currently owned by institutional investors.

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.