BAE Systems plc (OTCMKTS:BAESY - Get Free Report) was the recipient of a large decrease in short interest in January. As of January 31st, there was short interest totalling 36,300 shares, a decrease of 36.0% from the January 15th total of 56,700 shares. Based on an average daily volume of 555,000 shares, the short-interest ratio is currently 0.1 days.
Analyst Ratings Changes
Separately, Bank of America restated an "underperform" rating on shares of BAE Systems in a report on Friday, November 29th.
Check Out Our Latest Analysis on BAE Systems
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC acquired a new position in BAE Systems during the fourth quarter valued at approximately $26,000. Ramirez Asset Management Inc. grew its stake in shares of BAE Systems by 3.4% in the fourth quarter. Ramirez Asset Management Inc. now owns 67,760 shares of the aerospace company's stock valued at $3,899,000 after buying an additional 2,211 shares in the last quarter. Sit Investment Associates Inc. increased its holdings in BAE Systems by 4.3% during the fourth quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company's stock worth $3,166,000 after buying an additional 2,285 shares during the last quarter. Altrius Capital Management Inc raised its position in BAE Systems by 2.3% during the third quarter. Altrius Capital Management Inc now owns 109,506 shares of the aerospace company's stock worth $7,266,000 after acquiring an additional 2,470 shares in the last quarter. Finally, Dorsey Wright & Associates lifted its stake in BAE Systems by 11.7% in the third quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company's stock valued at $3,775,000 after acquiring an additional 5,936 shares during the last quarter. Institutional investors and hedge funds own 0.21% of the company's stock.
BAE Systems Stock Performance
OTCMKTS:BAESY traded up $5.73 during trading hours on Tuesday, reaching $67.63. 267,270 shares of the stock were exchanged, compared to its average volume of 276,928. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 0.72. BAE Systems has a twelve month low of $56.19 and a twelve month high of $72.81. The firm has a 50 day moving average of $59.51 and a 200 day moving average of $64.73.
BAE Systems Company Profile
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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.
Further Reading
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