Short Interest in BAE Systems plc (OTCMKTS:BAESY) Increases By 249.3%

BAE Systems plc (OTCMKTS:BAESY - Get Free Report) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 23,400 shares, an increase of 249.3% from the November 30th total of 6,700 shares. Based on an average daily volume of 320,700 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Bank of America reissued an "underperform" rating on shares of BAE Systems in a research note on Friday, November 29th.

BAE Systems Price Performance

OTCMKTS:BAESY traded up $0.15 during mid-day trading on Thursday, reaching $57.79. 167,127 shares of the company's stock were exchanged, compared to its average volume of 247,721. BAE Systems has a one year low of $55.55 and a one year high of $72.81. The business's fifty day simple moving average is $64.80 and its two-hundred day simple moving average is $66.67.

BAE Systems Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, December 9th. Stockholders of record on Friday, October 25th were given a $0.6333 dividend. The ex-dividend date was Friday, October 25th.

Institutional Trading of BAE Systems

Institutional investors and hedge funds have recently made changes to their positions in the company. Principal Street Partners LLC grew its holdings in shares of BAE Systems by 99.0% during the 3rd quarter. Principal Street Partners LLC now owns 17,628 shares of the aerospace company's stock valued at $1,178,000 after purchasing an additional 8,769 shares during the last quarter. Dorsey Wright & Associates grew its holdings in BAE Systems by 11.7% during 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 period. Altrius Capital Management Inc boosted its holdings in shares of BAE Systems by 2.3% during the 3rd quarter. Altrius Capital Management Inc now owns 109,506 shares of the aerospace company's stock worth $7,266,000 after buying an additional 2,470 shares in the last quarter. Atlas Capital Advisors LLC grew its holdings in BAE Systems by 68.9% in the second quarter. Atlas Capital Advisors LLC now owns 4,044 shares of the aerospace company's stock worth $270,000 after purchasing an additional 1,650 shares during the period. Finally, Rhumbline Advisers increased its position in BAE Systems by 29.3% in the 2nd quarter. Rhumbline Advisers now owns 4,593 shares of the aerospace company's stock valued at $307,000 after buying an additional 1,042 shares in the last quarter. Institutional investors own 0.21% of the company's stock.

BAE Systems Company Profile

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.