BAE Systems plc (OTCMKTS:BAESY - Get Free Report) saw a large growth in short interest in January. As of January 15th, there was short interest totalling 56,700 shares, a growth of 154.3% from the December 31st total of 22,300 shares. Based on an average daily trading volume, of 497,900 shares, the days-to-cover ratio is presently 0.1 days.
Hedge Funds Weigh In On BAE Systems
Several hedge funds have recently bought and sold shares of BAESY. Nisa Investment Advisors LLC bought a new position in BAE Systems in the 4th quarter valued at $26,000. Principal Street Partners LLC grew its position in BAE Systems by 99.0% during the third quarter. Principal Street Partners LLC now owns 17,628 shares of the aerospace company's stock worth $1,178,000 after buying an additional 8,769 shares in the last quarter. Dorsey Wright & Associates increased its stake in BAE Systems by 11.7% in the 3rd quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company's stock worth $3,775,000 after acquiring an additional 5,936 shares during the last quarter. Finally, Altrius Capital Management Inc raised its holdings in shares of BAE Systems by 2.3% in the 3rd quarter. Altrius Capital Management Inc now owns 109,506 shares of the aerospace company's stock valued at $7,266,000 after acquiring an additional 2,470 shares in the last quarter. Hedge funds and other institutional investors own 0.21% of the company's stock.
BAE Systems Trading Up 0.9 %
Shares of BAESY traded up $0.55 during midday trading on Friday, hitting $60.79. 129,100 shares of the company traded hands, compared to its average volume of 323,620. BAE Systems has a one year low of $56.19 and a one year high of $72.81. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 0.72. The stock has a 50-day moving average of $60.34 and a 200-day moving average of $65.18.
Analyst Ratings Changes
Separately, Bank of America reaffirmed an "underperform" rating on shares of BAE Systems in a report on Friday, November 29th.
View Our Latest Research Report on BAESY
About BAE Systems
(
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BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.
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