Short Interest in Bae Systems PLC (OTCMKTS:BAESY) Rises By 153.5%

Bae Systems PLC (OTCMKTS:BAESY) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 224,690 shares, a growth of 153.5% from the December 15th total of 88,651 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 1,038,137 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 1,038,137 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Bae Systems

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BAESY. Kepler Capital Markets upgraded Bae Systems from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. The Goldman Sachs Group initiated coverage on shares of Bae Systems in a research note on Friday, September 19th. They issued a “buy” rating on the stock. Sanford C. Bernstein downgraded shares of Bae Systems from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 6th. Finally, Erste Group Bank assumed coverage on shares of Bae Systems in a research report on Friday, October 3rd. They set a “buy” rating on the stock. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Bae Systems Stock Performance

BAESY stock opened at $112.26 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.96 and a quick ratio of 0.84. The company’s 50-day moving average is $93.97 and its 200-day moving average is $98.70. Bae Systems has a 1 year low of $57.75 and a 1 year high of $114.90.

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.