Short Interest in Bae Systems PLC (OTCMKTS:BAESY) Grows By 309.7%

Bae Systems PLC (OTCMKTS:BAESY) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 88,467 shares, a growth of 309.7% from the June 30th total of 21,594 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 481,336 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Bae Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Altrius Capital Management Inc increased its position in Bae Systems by 5.5% in the 4th quarter. Altrius Capital Management Inc now owns 93,878 shares of the aerospace company’s stock valued at $8,719,000 after acquiring an additional 4,911 shares during the period. Ramirez Asset Management Inc. raised its stake in shares of Bae Systems by 6.8% during the fourth quarter. Ramirez Asset Management Inc. now owns 70,620 shares of the aerospace company’s stock valued at $6,512,000 after purchasing an additional 4,527 shares in the last quarter. First Merchants Corp lifted its holdings in Bae Systems by 1.3% in the first quarter. First Merchants Corp now owns 68,422 shares of the aerospace company’s stock worth $7,940,000 after purchasing an additional 854 shares during the period. Sit Investment Associates Inc. grew its position in Bae Systems by 2.6% in the 4th quarter. Sit Investment Associates Inc. now owns 35,476 shares of the aerospace company’s stock valued at $3,295,000 after buying an additional 910 shares in the last quarter. Finally, L & S Advisors Inc grew its position in Bae Systems by 14.1% in the 4th quarter. L & S Advisors Inc now owns 21,507 shares of the aerospace company’s stock valued at $1,998,000 after buying an additional 2,662 shares in the last quarter. 0.21% of the stock is owned by institutional investors.

Bae Systems Price Performance

Bae Systems stock opened at $105.06 on Monday. Bae Systems has a 52-week low of $84.50 and a 52-week high of $126.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.99 and a quick ratio of 0.87. The firm has a 50-day moving average price of $101.88 and a two-hundred day moving average price of $109.58.

Analysts Set New Price Targets

A number of research analysts have commented on BAESY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Bae Systems in a report on Thursday, June 25th. Kepler Capital Markets upgraded Bae Systems from a “hold” rating to a “buy” rating in a report on Wednesday, June 24th. Finally, Erste Group Bank lowered Bae Systems from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Bae Systems presently has an average 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.