Bae Systems PLC (OTCMKTS:BAESY - Get Free Report) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 49,000 shares, adeclineof46.6% from the July 15th total of 91,800 shares. Based on an average daily volume of 391,600 shares, the short-interest ratio is currently 0.1 days. Approximately0.0% of the company's stock are short sold. Approximately0.0% of the company's stock are short sold. Based on an average daily volume of 391,600 shares, the short-interest ratio is currently 0.1 days.
Institutional Trading of Bae Systems
Several large investors have recently modified their holdings of BAESY. Confluence Investment Management LLC boosted its holdings in shares of Bae Systems by 19.3% during the 1st quarter. Confluence Investment Management LLC now owns 10,986 shares of the aerospace company's stock worth $903,000 after buying an additional 1,777 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Bae Systems by 10,259.0% during the 1st quarter. GAMMA Investing LLC now owns 185,840 shares of the aerospace company's stock worth $15,282,000 after buying an additional 184,046 shares during the period. Rhumbline Advisers boosted its holdings in shares of Bae Systems by 19.6% during the 1st quarter. Rhumbline Advisers now owns 5,485 shares of the aerospace company's stock worth $451,000 after buying an additional 897 shares during the period. First Merchants Corp bought a new stake in shares of Bae Systems during the 1st quarter worth $4,598,000. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Bae Systems by 49.4% during the 1st quarter. First Horizon Advisors Inc. now owns 620 shares of the aerospace company's stock worth $51,000 after buying an additional 205 shares during the period. 0.21% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
BAESY has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Bae Systems in a research report on Monday, April 28th. Kepler Capital Markets downgraded shares of Bae Systems from a "hold" rating to a "reduce" rating in a research report on Monday, July 7th. Bank of America raised shares of Bae Systems from an "underperform" rating to a "buy" rating in a research report on Tuesday, June 10th. Finally, Jefferies Financial Group raised shares of Bae Systems from a "hold" rating to a "buy" rating in a research report on Friday, August 1st. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold".
Read Our Latest Analysis on BAESY
Bae Systems Price Performance
Shares of OTCMKTS BAESY traded up $1.1250 during trading hours on Friday, hitting $95.8350. 35,988 shares of the stock were exchanged, compared to its average volume of 475,172. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.85. The company's 50 day moving average is $100.37 and its 200 day moving average is $91.03. Bae Systems has a one year low of $56.19 and a one year high of $109.82.
About Bae Systems
(
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BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.
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