Bae Systems PLC (OTCMKTS:BAESY) Short Interest Update

Bae Systems PLC (OTCMKTS:BAESY) saw a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 201,471 shares, a decline of 51.1% from the January 15th total of 411,837 shares. Based on an average trading volume of 1,586,411 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 1,586,411 shares, the short-interest ratio is presently 0.1 days.

Bae Systems Price Performance

Shares of Bae Systems stock opened at $108.30 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.96 and a quick ratio of 0.84. Bae Systems has a 12 month low of $61.90 and a 12 month high of $114.90. The stock has a 50 day moving average of $102.01 and a 200 day moving average of $99.71.

Analysts Set New Price Targets

BAESY has been the topic of several research analyst reports. Sanford C. Bernstein downgraded Bae Systems from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 6th. Jefferies Financial Group downgraded Bae Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Finally, Kepler Capital Markets upgraded Bae Systems from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Altrius Capital Management Inc raised its holdings in shares of Bae Systems by 5.5% in the fourth 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 in the last quarter. Ramirez Asset Management Inc. grew its holdings in Bae Systems by 6.8% during the 4th quarter. Ramirez Asset Management Inc. now owns 70,620 shares of the aerospace company’s stock worth $6,512,000 after acquiring an additional 4,527 shares in the last quarter. First Merchants Corp increased its position in Bae Systems by 3.6% during the 4th quarter. First Merchants Corp now owns 67,568 shares of the aerospace company’s stock valued at $6,231,000 after purchasing an additional 2,338 shares during the period. Arrow Capital Pty Ltd bought a new stake in shares of Bae Systems in the 3rd quarter valued at about $5,531,000. Finally, L & S Advisors Inc lifted its position in shares of Bae Systems by 14.1% in the 4th quarter. L & S Advisors Inc now owns 21,507 shares of the aerospace company’s stock worth $1,998,000 after purchasing an additional 2,662 shares during the period. Institutional investors own 0.21% of the company’s stock.

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.