Bae Systems PLC (OTCMKTS:BAESY) Sees Large Decrease in Short Interest

Bae Systems PLC (OTCMKTS:BAESY) was the recipient of a large decline in short interest in February. As of February 27th, there was short interest totaling 75,774 shares, a decline of 80.9% from the February 12th total of 397,630 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 805,892 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 805,892 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC raised its position in Bae Systems by 3,150.0% during the third quarter. Salomon & Ludwin LLC now owns 260 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 252 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Bae Systems by 73.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 327 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 138 shares in the last quarter. Steigerwald Gordon & Koch Inc. bought a new position in shares of Bae Systems during the 3rd quarter valued at about $44,000. Atlas Capital Advisors Inc. bought a new position in shares of Bae Systems during the 4th quarter valued at about $98,000. Finally, First Horizon Advisors Inc. raised its holdings in shares of Bae Systems by 68.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,046 shares of the aerospace company’s stock valued at $110,000 after buying an additional 426 shares in the last quarter. 0.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BAESY shares. Sanford C. Bernstein downgraded Bae Systems from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 6th. Kepler Capital Markets upgraded Bae Systems from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Bae Systems in a report on Wednesday, February 18th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Bae Systems presently has an average rating of “Moderate Buy”.

Bae Systems Stock Performance

BAESY stock traded up $1.74 during midday trading on Tuesday, reaching $122.61. The company had a trading volume of 306,250 shares, compared to its average volume of 664,910. The firm has a 50-day moving average price of $109.80 and a 200-day moving average price of $102.07. Bae Systems has a 1 year low of $76.01 and a 1 year high of $123.69. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.96 and a quick ratio of 0.84.

Bae Systems Company Profile

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.