CAE Inc. (NYSE:CAE) Short Interest Update

CAE Inc. (NYSE:CAE - Get Free Report) TSE: CAE saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 5,370,000 shares, a growth of 8.0% from the December 31st total of 4,970,000 shares. Currently, 1.7% of the shares of the company are sold short. Based on an average trading volume of 500,300 shares, the short-interest ratio is currently 10.7 days.

Institutional Investors Weigh In On CAE

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in shares of CAE by 14.1% in the second quarter. Dimensional Fund Advisors LP now owns 922,622 shares of the aerospace company's stock worth $17,145,000 after acquiring an additional 114,229 shares during the last quarter. Truist Financial Corp boosted its stake in CAE by 10.4% during the 2nd quarter. Truist Financial Corp now owns 84,490 shares of the aerospace company's stock worth $1,570,000 after purchasing an additional 7,935 shares during the last quarter. NBC Securities Inc. grew its holdings in shares of CAE by 17.5% during the third quarter. NBC Securities Inc. now owns 18,521 shares of the aerospace company's stock worth $347,000 after buying an additional 2,752 shares in the last quarter. Nexus Investment Management ULC grew its holdings in shares of CAE by 2.8% during the third quarter. Nexus Investment Management ULC now owns 1,486,990 shares of the aerospace company's stock worth $27,950,000 after buying an additional 40,000 shares in the last quarter. Finally, Stanley Laman Group Ltd. lifted its stake in shares of CAE by 6.7% in the third quarter. Stanley Laman Group Ltd. now owns 224,392 shares of the aerospace company's stock worth $4,207,000 after buying an additional 14,169 shares in the last quarter. Hedge funds and other institutional investors own 67.36% of the company's stock.

CAE Price Performance

CAE traded up $0.08 during trading on Friday, hitting $23.83. The company's stock had a trading volume of 497,329 shares, compared to its average volume of 480,261. The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of -30.95, a P/E/G ratio of 1.77 and a beta of 1.72. CAE has a twelve month low of $15.95 and a twelve month high of $25.53. The business's fifty day simple moving average is $23.96 and its 200 day simple moving average is $20.51. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CAE. TD Securities lowered CAE from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. StockNews.com raised shares of CAE from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. Desjardins raised shares of CAE from a "hold" rating to a "buy" rating in a report on Monday, December 23rd. National Bank Financial lowered shares of CAE from an "outperform" rating to a "sector perform" rating in a report on Wednesday, January 22nd. Finally, Cibc World Mkts cut CAE from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, CAE currently has an average rating of "Hold" and a consensus price target of $25.00.

CAE Company Profile

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.