Short Interest in BAE Systems plc (OTCMKTS:BAESY) Rises By 92.1%

BAE Systems plc (OTCMKTS:BAESY) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 14,600 shares, a growth of 92.1% from the October 31st total of 7,600 shares. Based on an average daily volume of 318,300 shares, the short-interest ratio is presently 0.0 days.

BAE Systems Trading Down 4.2 %

Shares of BAESY stock opened at $62.44 on Friday. BAE Systems has a 1 year low of $51.72 and a 1 year high of $72.81. The business’s fifty day moving average is $67.37 and its 200-day moving average is $68.00.

BAE Systems Cuts Dividend

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

Analyst Ratings Changes

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

Institutional Investors Weigh In On BAE Systems

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Confluence Investment Management LLC bought a new stake in shares of BAE Systems in the 2nd quarter worth approximately $682,000. GAMMA Investing LLC boosted its stake in shares of BAE Systems by 20.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,870 shares of the aerospace company’s stock worth $125,000 after acquiring an additional 322 shares in the last quarter. Atlas Capital Advisors LLC grew its holdings in shares of 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 acquiring an additional 1,650 shares during the last quarter. Rhumbline Advisers raised its position in shares of BAE Systems by 29.3% during the second quarter. Rhumbline Advisers now owns 4,593 shares of the aerospace company’s stock worth $307,000 after purchasing an additional 1,042 shares during the period. Finally, Altrius Capital Management Inc lifted its holdings in shares of BAE Systems by 2.3% during the third quarter. Altrius Capital Management Inc now owns 109,506 shares of the aerospace company’s stock valued at $7,266,000 after purchasing an additional 2,470 shares during the last quarter. 0.21% of the stock is owned by institutional investors and hedge funds.

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.