CAE Inc. (NYSE:CAE) Short Interest Update

CAE Inc. (NYSE:CAE - Get Free Report) TSE: CAE was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 3,790,000 shares, a growth of 7.4% from the October 15th total of 3,530,000 shares. Based on an average trading volume of 567,600 shares, the days-to-cover ratio is presently 6.7 days. Approximately 1.2% of the shares of the stock are sold short.

CAE Trading Up 0.9 %

CAE stock traded up $0.21 during midday trading on Tuesday, hitting $22.47. The company had a trading volume of 632,979 shares, compared to its average volume of 593,309. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62. CAE has a 52 week low of $15.95 and a 52 week high of $22.53. The stock's 50 day moving average price is $18.69 and its 200 day moving average price is $18.59. The stock has a market cap of $7.16 billion, a price-to-earnings ratio of -29.18, a PEG ratio of 1.61 and a beta of 1.67.

Institutional Trading of CAE

Several hedge funds and other institutional investors have recently bought and sold shares of CAE. Ridgewood Investments LLC bought a new stake in CAE in the second quarter valued at approximately $33,000. Cromwell Holdings LLC lifted its position in CAE by 103.4% in the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company's stock valued at $34,000 after purchasing an additional 915 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in CAE by 86.2% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company's stock valued at $48,000 after purchasing an additional 1,100 shares during the last quarter. Venturi Wealth Management LLC bought a new position in shares of CAE during the third quarter valued at approximately $74,000. Finally, Lazard Asset Management LLC bought a new position in shares of CAE during the first quarter valued at approximately $77,000. Institutional investors own 67.36% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CAE. Royal Bank of Canada raised CAE from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 15th. StockNews.com raised CAE from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Finally, Morgan Stanley lowered CAE from an "overweight" rating to an "equal weight" rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, CAE currently has a consensus rating of "Hold" and an average target price of $25.00.

About CAE

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.