Short Interest in Bae Systems PLC (OTCMKTS:BAESY) Grows By 75.5%

Bae Systems PLC (OTCMKTS:BAESY) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 48,909 shares, a growth of 75.5% from the May 14th total of 27,861 shares. Based on an average daily volume of 477,762 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Trading of Bae Systems

A number of hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its position in shares of Bae Systems by 9.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,690 shares of the aerospace company’s stock valued at $157,000 after buying an additional 140 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Bae Systems by 2.9% in the second quarter. Rhumbline Advisers now owns 5,643 shares of the aerospace company’s stock valued at $593,000 after buying an additional 158 shares during the last quarter. RNC Capital Management LLC lifted its position in shares of Bae Systems by 4.2% in the fourth quarter. RNC Capital Management LLC now owns 5,655 shares of the aerospace company’s stock valued at $525,000 after buying an additional 227 shares during the last quarter. Confluence Investment Management LLC lifted its position in shares of Bae Systems by 4.7% in the fourth quarter. Confluence Investment Management LLC now owns 12,792 shares of the aerospace company’s stock valued at $1,188,000 after buying an additional 577 shares during the last quarter. Finally, First Merchants Corp increased its stake in shares of Bae Systems by 1.3% during the first quarter. First Merchants Corp now owns 68,422 shares of the aerospace company’s stock worth $7,940,000 after purchasing an additional 854 shares during the period. 0.21% of the stock is owned by institutional investors and hedge funds.

Bae Systems Stock Down 4.3%

Shares of OTCMKTS BAESY opened at $97.80 on Tuesday. The stock has a 50 day moving average price of $110.02 and a 200 day moving average price of $107.78. Bae Systems has a 52 week low of $84.50 and a 52 week high of $126.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.99 and a quick ratio of 0.87.

Analyst Ratings Changes

Separately, Jefferies Financial Group reissued a “hold” rating on shares of Bae Systems in a research report on Wednesday, February 18th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

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.