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

Bae Systems PLC (OTCMKTS:BAESY) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 88,651 shares, a drop of 48.1% from the November 30th total of 170,770 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 1,301,752 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 1,301,752 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Bae Systems

Hedge funds have recently modified their holdings of the stock. Salomon & Ludwin LLC lifted its stake in Bae Systems by 3,150.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 260 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 252 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Bae Systems by 73.0% in the third quarter. Hantz Financial Services Inc. now owns 327 shares of the aerospace company’s stock worth $36,000 after buying an additional 138 shares in the last quarter. Steigerwald Gordon & Koch Inc. bought a new position in Bae Systems during the third quarter valued at approximately $44,000. First Horizon Advisors Inc. grew its holdings in Bae Systems by 68.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,046 shares of the aerospace company’s stock valued at $110,000 after buying an additional 426 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Bae Systems by 25.6% in the 2nd quarter. GAMMA Investing LLC now owns 2,838 shares of the aerospace company’s stock worth $298,000 after acquiring an additional 578 shares during the last quarter. Hedge funds and other institutional investors own 0.21% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on BAESY. Erste Group Bank began coverage on shares of Bae Systems in a research report on Friday, October 3rd. They issued a “buy” rating on the stock. The Goldman Sachs Group began coverage on Bae Systems in a research note on Friday, September 19th. They issued a “buy” rating for the company. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Bae Systems currently has an average rating of “Moderate Buy”.

Bae Systems Price Performance

Shares of OTCMKTS BAESY opened at $94.25 on Friday. Bae Systems has a 1 year low of $56.55 and a 1 year high of $111.96. The firm has a fifty day moving average price of $93.26 and a 200-day moving average price of $98.84.

Bae Systems Company Profile

BAE Systems plc is a global defense, security and aerospace company that designs, develops and manufactures a broad range of military and related products and services. Formed in 1999 through the combination of British Aerospace and Marconi Electronic Systems, the company supplies platforms, systems and support across air, land, maritime and cyber domains. Its portfolio spans combat and support aircraft systems, naval shipbuilding and subsystems, armored and land combat solutions, electronic and sensor systems, munitions, and intelligence, surveillance and cybersecurity capabilities.

BAE Systems serves government and military customers worldwide, with particularly large footprints in the United Kingdom and the United States as well as operations and sales across Europe, the Middle East, Australia and other markets.