BAE Systems plc (OTCMKTS:BAESY) Short Interest Update

BAE Systems plc (OTCMKTS:BAESY - Get Free Report) was the target of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 6,700 shares, a decrease of 54.1% from the November 15th total of 14,600 shares. Based on an average trading volume of 493,200 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

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

Institutional Trading of BAE Systems

Institutional investors and hedge funds have recently modified their holdings of the stock. Atlas Capital Advisors LLC grew its stake in shares of BAE Systems by 68.9% in the 2nd quarter. Atlas Capital Advisors LLC now owns 4,044 shares of the aerospace company's stock worth $270,000 after acquiring an additional 1,650 shares in the last quarter. Rhumbline Advisers boosted its holdings in BAE Systems by 29.3% during the second quarter. Rhumbline Advisers now owns 4,593 shares of the aerospace company's stock worth $307,000 after purchasing an additional 1,042 shares during the last quarter. Altrius Capital Management Inc grew its position in BAE Systems by 2.3% in the 3rd quarter. Altrius Capital Management Inc now owns 109,506 shares of the aerospace company's stock worth $7,266,000 after purchasing an additional 2,470 shares in the last quarter. Principal Street Partners LLC increased its stake in BAE Systems by 99.0% in the 3rd quarter. Principal Street Partners LLC now owns 17,628 shares of the aerospace company's stock valued at $1,178,000 after buying an additional 8,769 shares during the last quarter. Finally, Dorsey Wright & Associates lifted its position in shares of 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 buying an additional 5,936 shares in the last quarter. 0.21% of the stock is owned by hedge funds and other institutional investors.

BAE Systems Stock Up 1.6 %

Shares of OTCMKTS BAESY traded up $0.96 during mid-day trading on Thursday, reaching $60.91. 205,383 shares of the company's stock traded hands, compared to its average volume of 248,946. BAE Systems has a 1-year low of $53.18 and a 1-year high of $72.81. The business has a 50-day simple moving average of $66.54 and a 200 day simple moving average of $67.53.

BAE Systems Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, December 9th. Shareholders of record on Friday, October 25th were paid a dividend of $0.6333 per share. The ex-dividend date was Friday, October 25th.

About BAE Systems

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.