BAE Systems plc (OTCMKTS:BAESY) Short Interest Update

BAE Systems plc (OTCMKTS:BAESY - Get Free Report) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 610,900 shares, a decline of 31.9% from the March 15th total of 897,300 shares. Based on an average trading volume of 808,900 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.1% of the shares of the company are short sold.

BAE Systems Stock Performance

Shares of OTCMKTS BAESY traded down $0.37 during mid-day trading on Wednesday, reaching $93.12. The company's stock had a trading volume of 539,244 shares, compared to its average volume of 576,479. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.91 and a current ratio of 1.03. BAE Systems has a 52 week low of $56.19 and a 52 week high of $96.00. The stock has a fifty day moving average of $81.60 and a two-hundred day moving average of $69.45.

BAE Systems Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, April 22nd will be paid a $1.0442 dividend. This is an increase from BAE Systems's previous dividend of $0.63. The ex-dividend date of this dividend is Tuesday, April 22nd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC bought a new position in BAE Systems during the fourth quarter valued at $26,000. GAMMA Investing LLC increased its stake in BAE Systems by 26.0% during the first quarter. GAMMA Investing LLC now owns 2,260 shares of the aerospace company's stock worth $186,000 after acquiring an additional 466 shares during the last quarter. Rhumbline Advisers raised its position in BAE Systems by 19.6% during the first quarter. Rhumbline Advisers now owns 5,485 shares of the aerospace company's stock valued at $451,000 after purchasing an additional 897 shares during the period. Confluence Investment Management LLC lifted its stake in shares of BAE Systems by 19.3% in the 1st quarter. Confluence Investment Management LLC now owns 10,986 shares of the aerospace company's stock valued at $903,000 after purchasing an additional 1,777 shares during the last quarter. Finally, Ramirez Asset Management Inc. boosted its holdings in shares of BAE Systems by 3.4% in the 4th quarter. Ramirez Asset Management Inc. now owns 67,760 shares of the aerospace company's stock worth $3,899,000 after purchasing an additional 2,211 shares during the period. 0.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Berenberg Bank cut shares of BAE Systems from a "strong-buy" rating to a "hold" rating in a report on Monday, March 10th.

BAE Systems Company Profile

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.