The Boeing Company (NYSE:BA) Short Interest Up 28.7% in May

The Boeing Company (NYSE:BAGet Rating) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 11,340,000 shares, an increase of 28.7% from the April 30th total of 8,810,000 shares. Based on an average daily volume of 10,310,000 shares, the days-to-cover ratio is currently 1.1 days.

Shares of BA traded down $0.83 during midday trading on Tuesday, hitting $131.40. The company had a trading volume of 7,861,848 shares, compared to its average volume of 10,114,313. The company’s 50 day moving average price is $159.16 and its 200 day moving average price is $187.94. The stock has a market cap of $77.74 billion, a price-to-earnings ratio of -15.89 and a beta of 1.47. Boeing has a 52 week low of $117.08 and a 52 week high of $258.40.

Boeing (NYSE:BAGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The aircraft producer reported ($2.75) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($2.49). The company had revenue of $13.99 billion for the quarter, compared to analyst estimates of $15.90 billion. During the same period in the previous year, the company posted ($1.53) earnings per share. The firm’s revenue was down 8.1% on a year-over-year basis. On average, research analysts predict that Boeing will post -0.81 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the stock. EagleClaw Capital Managment LLC boosted its stake in Boeing by 2.5% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 27,060 shares of the aircraft producer’s stock valued at $5,941,000 after purchasing an additional 648 shares during the period. Blueshift Asset Management LLC acquired a new position in Boeing during the 3rd quarter valued at about $381,000. Vident Investment Advisory LLC acquired a new position in Boeing during the 3rd quarter valued at about $405,000. Macquarie Group Ltd. boosted its stake in Boeing by 4.0% during the 3rd quarter. Macquarie Group Ltd. now owns 29,767 shares of the aircraft producer’s stock valued at $6,547,000 after purchasing an additional 1,140 shares during the period. Finally, Schroder Investment Management Group boosted its stake in Boeing by 5.1% during the 3rd quarter. Schroder Investment Management Group now owns 28,130 shares of the aircraft producer’s stock valued at $6,187,000 after purchasing an additional 1,364 shares during the period. 53.96% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on BA shares. Royal Bank of Canada decreased their price target on shares of Boeing from $265.00 to $220.00 in a report on Thursday, April 28th. StockNews.com lowered shares of Boeing from a “hold” rating to a “sell” rating in a report on Friday, May 6th. JPMorgan Chase & Co. set a $190.00 target price on shares of Boeing in a report on Tuesday, May 24th. Susquehanna Bancshares reduced their target price on shares of Boeing from $193.00 to $192.00 and set a “positive” rating on the stock in a report on Friday, May 20th. Finally, UBS Group set a $263.00 target price on shares of Boeing and gave the company a “buy” rating in a report on Thursday, April 28th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $225.10.

Boeing Company Profile (Get Rating)

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

Featured Stories

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.