Short Interest in Bae Systems PLC (OTCMKTS:BAESY) Increases By 83.3%

Bae Systems PLC (OTCMKTS:BAESY) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 411,837 shares, an increase of 83.3% from the December 31st total of 224,690 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 1,335,648 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 1,335,648 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Bae Systems Stock Performance

Shares of OTCMKTS BAESY opened at $108.68 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.84 and a current ratio of 0.96. Bae Systems has a 52-week low of $58.11 and a 52-week high of $114.90. The company’s 50 day moving average price is $98.41 and its 200-day moving average price is $99.45.

Hedge Funds Weigh In On Bae Systems

Several hedge funds have recently modified their holdings of BAESY. Kingswood Wealth Advisors LLC purchased a new position in shares of Bae Systems in the 4th quarter worth approximately $250,000. First Merchants Corp boosted its position in Bae Systems by 3.6% in the fourth quarter. First Merchants Corp now owns 67,568 shares of the aerospace company’s stock worth $6,231,000 after purchasing an additional 2,338 shares during the last quarter. Confluence Investment Management LLC grew its stake in Bae Systems by 4.7% in the 4th quarter. Confluence Investment Management LLC now owns 12,792 shares of the aerospace company’s stock valued at $1,188,000 after purchasing an additional 577 shares during the period. Arrow Capital Pty Ltd purchased a new stake in shares of Bae Systems during the 3rd quarter valued at $5,531,000. Finally, L & S Advisors Inc raised its stake in shares of Bae Systems by 13.1% during the 3rd quarter. L & S Advisors Inc now owns 18,845 shares of the aerospace company’s stock worth $2,105,000 after purchasing an additional 2,176 shares during the period. Institutional investors own 0.21% of the company’s stock.

Analyst Ratings Changes

BAESY has been the subject of several recent research reports. Sanford C. Bernstein downgraded Bae Systems from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 6th. Jefferies Financial Group cut shares of Bae Systems to a “hold” rating in a research note on Friday. Finally, Kepler Capital Markets upgraded shares of Bae Systems from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Bae Systems currently has a consensus rating of “Moderate Buy”.

About Bae Systems

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.