Short Interest in CAE Inc. (NYSE:CAE) Increases By 7.4%

CAE Inc. (NYSE:CAE - Get Free Report) TSE: CAE was the recipient of a significant growth in short interest in November. As of November 15th, there was short interest totalling 4,070,000 shares, a growth of 7.4% from the October 31st total of 3,790,000 shares. Based on an average daily volume of 610,100 shares, the days-to-cover ratio is currently 6.7 days. Approximately 1.3% of the company's shares are sold short.

Institutional Investors Weigh In On CAE

A number of hedge funds have recently made changes to their positions in CAE. Lazard Asset Management LLC purchased a new stake in shares of CAE during the first quarter worth $77,000. Janus Henderson Group PLC grew its holdings in CAE by 5.8% during the 1st quarter. Janus Henderson Group PLC now owns 52,483 shares of the aerospace company's stock valued at $1,085,000 after buying an additional 2,900 shares in the last quarter. Jane Street Group LLC increased its position in shares of CAE by 97.2% during the first quarter. Jane Street Group LLC now owns 305,191 shares of the aerospace company's stock valued at $6,299,000 after buying an additional 150,429 shares during the period. DekaBank Deutsche Girozentrale grew its stake in CAE by 3.2% during the first quarter. DekaBank Deutsche Girozentrale now owns 32,646 shares of the aerospace company's stock valued at $666,000 after acquiring an additional 1,025 shares in the last quarter. Finally, AMF Tjanstepension AB lifted its stake in CAE by 110.7% in the 2nd quarter. AMF Tjanstepension AB now owns 619,950 shares of the aerospace company's stock worth $11,512,000 after purchasing an additional 325,774 shares in the last quarter. 67.36% of the stock is currently owned by institutional investors.

CAE Stock Performance

NYSE:CAE traded up $0.04 during trading hours on Tuesday, hitting $23.63. 246,769 shares of the company traded hands, compared to its average volume of 630,805. CAE has a one year low of $15.95 and a one year high of $24.02. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.59. The firm's 50-day simple moving average is $19.75 and its 200-day simple moving average is $18.75.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Morgan Stanley downgraded CAE from an "overweight" rating to an "equal weight" rating in a report on Friday, August 16th. StockNews.com raised CAE from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Finally, Royal Bank of Canada raised shares of CAE from a "hold" rating to a "moderate buy" rating in a research report on Thursday, August 15th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average 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.