Short Interest in Bae Systems PLC (OTCMKTS:BAESY) Drops By 36.9%

Bae Systems PLC (OTCMKTS:BAESY) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 40,428 shares, a drop of 36.9% from the July 30th total of 64,060 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 257,718 shares, the short-interest ratio is currently 0.2 days.

Bae Systems Stock Performance

OTCMKTS BAESY opened at $108.19 on Tuesday. Bae Systems has a twelve month low of $84.50 and a twelve month 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. The stock has a 50-day simple moving average of $108.52 and a 200 day simple moving average of $110.85.

Institutional Investors Weigh In On Bae Systems

Hedge funds have recently modified their holdings of the business. Atlas Capital Advisors Inc. acquired a new stake in shares of Bae Systems in the fourth quarter worth $98,000. PNC Financial Services Group Inc. raised its stake in Bae Systems by 9.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,690 shares of the aerospace company’s stock valued at $157,000 after purchasing an additional 140 shares during the last quarter. Riverbridge Partners LLC bought a new stake in Bae Systems in the 1st quarter valued at $221,000. Pinnacle Wealth Management Advisory Group LLC bought a new stake in Bae Systems in the 1st quarter valued at $307,000. Finally, HighPoint Advisor Group LLC grew its position in Bae Systems by 30.1% in the 4th quarter. HighPoint Advisor Group LLC now owns 3,821 shares of the aerospace company’s stock worth $355,000 after purchasing an additional 883 shares during the last quarter. 0.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BAESY has been the topic of several recent research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Bae Systems in a research report on Thursday, June 25th. Kepler Capital Markets raised shares of Bae Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, June 24th. Erste Group Bank downgraded shares of Bae Systems from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Royal Bank Of Canada initiated coverage on shares of Bae Systems in a research note on Tuesday, August 11th. They issued a “sector perform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Bae Systems in a report on Tuesday, August 11th. Three analysts have rated the stock with a Buy rating and five 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.