BAE Systems plc (OTCMKTS:BAESY - Get Free Report) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 8,400 shares, an increase of 7.7% from the September 30th total of 7,800 shares. Based on an average daily volume of 366,000 shares, the short-interest ratio is presently 0.0 days.
Analyst Ratings Changes
Separately, Citigroup raised BAE Systems from a "neutral" rating to a "buy" rating in a report on Monday, July 29th.
Read Our Latest Report on BAESY
BAE Systems Stock Performance
Shares of BAESY stock traded down $0.75 during trading hours on Wednesday, reaching $65.75. The company had a trading volume of 97,558 shares, compared to its average volume of 256,652. BAE Systems has a 1-year low of $51.72 and a 1-year high of $72.81. The company has a 50 day moving average of $68.50 and a 200 day moving average of $68.19.
BAE Systems Cuts Dividend
The company also recently announced a dividend, which will be paid on Monday, December 9th. Shareholders of record on Friday, October 25th will be issued a $0.6333 dividend. The ex-dividend date of this dividend is Friday, October 25th.
Institutional Trading of BAE Systems
Several hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in shares of BAE Systems by 20.8% in the second quarter. GAMMA Investing LLC now owns 1,870 shares of the aerospace company's stock valued at $125,000 after buying an additional 322 shares during the period. Atlas Capital Advisors LLC boosted its position in shares of BAE Systems by 68.9% during the second quarter. Atlas Capital Advisors LLC now owns 4,044 shares of the aerospace company's stock worth $270,000 after buying an additional 1,650 shares during the period. Rhumbline Advisers raised 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 during the last quarter. Finally, Confluence Investment Management LLC bought a new stake in BAE Systems in the 2nd quarter valued at approximately $682,000. Institutional investors and hedge funds own 0.21% of the company's stock.
About BAE Systems
(
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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.
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