CAE Inc. (NYSE:CAE) Short Interest Update

CAE Inc. (NYSE:CAE - Get Free Report) TSE: CAE was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 4,970,000 shares, an increase of 16.1% from the November 30th total of 4,280,000 shares. Based on an average daily volume of 560,800 shares, the short-interest ratio is presently 8.9 days. Currently, 1.6% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Bank of Montreal Can increased its position in CAE by 1.6% during the third quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company's stock worth $93,446,000 after purchasing an additional 77,489 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of CAE by 9.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,033,296 shares of the aerospace company's stock valued at $19,188,000 after buying an additional 89,800 shares during the period. Clearline Capital LP acquired a new stake in shares of CAE during the 2nd quarter worth approximately $2,290,000. Intech Investment Management LLC purchased a new stake in shares of CAE during the 3rd quarter valued at approximately $2,432,000. Finally, Pinnacle Associates Ltd. lifted its holdings in CAE by 3.8% in the third quarter. Pinnacle Associates Ltd. now owns 874,588 shares of the aerospace company's stock valued at $16,399,000 after acquiring an additional 32,328 shares during the last quarter. Hedge funds and other institutional investors own 67.36% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CAE shares. Cibc World Mkts lowered CAE from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th. Desjardins upgraded CAE from a "hold" rating to a "buy" rating in a research report on Monday, December 23rd. Finally, StockNews.com upgraded CAE from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $25.00.

CAE Price Performance

Shares of NYSE:CAE remained flat at $25.32 during midday trading on Monday. The company had a trading volume of 463,372 shares, compared to its average volume of 577,735. CAE has a 12-month low of $15.95 and a 12-month high of $25.53. The stock has a market capitalization of $8.07 billion, a PE ratio of -32.88, a price-to-earnings-growth ratio of 1.73 and a beta of 1.74. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62. The firm's fifty day moving average is $21.75 and its 200-day moving average is $19.42.

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.