Bae Systems PLC (OTCMKTS:BAESY) Short Interest Update

Bae Systems PLC (OTCMKTS:BAESY) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 88,651 shares, a decrease of 48.1% from the November 30th total of 170,770 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,301,752 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 1,301,752 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. RNC Capital Management LLC boosted its stake in Bae Systems by 2.1% during the first quarter. RNC Capital Management LLC now owns 8,303 shares of the aerospace company’s stock valued at $683,000 after buying an additional 168 shares during the period. Rhumbline Advisers raised its holdings in shares of Bae Systems by 19.6% in the 1st quarter. Rhumbline Advisers now owns 5,485 shares of the aerospace company’s stock valued at $451,000 after acquiring an additional 897 shares in the last quarter. Confluence Investment Management LLC boosted its position in shares of Bae Systems by 3.9% during the 2nd quarter. Confluence Investment Management LLC now owns 11,413 shares of the aerospace company’s stock valued at $1,199,000 after acquiring an additional 427 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Bae Systems by 25.6% during the second quarter. GAMMA Investing LLC now owns 2,838 shares of the aerospace company’s stock worth $298,000 after purchasing an additional 578 shares in the last quarter. Finally, First Merchants Corp increased its position in shares of Bae Systems by 9.0% in the second quarter. First Merchants Corp now owns 62,252 shares of the aerospace company’s stock worth $6,437,000 after purchasing an additional 5,144 shares during the last quarter. Institutional investors own 0.21% of the company’s stock.

Bae Systems Stock Performance

BAESY stock opened at $94.25 on Friday. The firm has a 50 day moving average of $93.26 and a 200-day moving average of $98.85. Bae Systems has a 12 month low of $56.55 and a 12 month high of $111.96.

Analyst Ratings Changes

BAESY has been the topic of several research reports. Erste Group Bank assumed coverage on shares of Bae Systems in a research report on Friday, October 3rd. They issued a “buy” rating on the stock. The Goldman Sachs Group assumed coverage on shares of Bae Systems in a report on Friday, September 19th. They set a “buy” rating on the stock. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

About Bae Systems

BAE Systems plc is a global defense, security and aerospace company that designs, develops and manufactures a broad range of military and related products and services. Formed in 1999 through the combination of British Aerospace and Marconi Electronic Systems, the company supplies platforms, systems and support across air, land, maritime and cyber domains. Its portfolio spans combat and support aircraft systems, naval shipbuilding and subsystems, armored and land combat solutions, electronic and sensor systems, munitions, and intelligence, surveillance and cybersecurity capabilities.

BAE Systems serves government and military customers worldwide, with particularly large footprints in the United Kingdom and the United States as well as operations and sales across Europe, the Middle East, Australia and other markets.