Bae Systems PLC (OTCMKTS:BAESY) Short Interest Update

Key Points

• Bae Systems PLC experienced a significant drop in short interest, decreasing by 20.3% to 71,200 shares as of August 31st, reflecting a current short-interest ratio of 0.1 days.
• Several institutional investors have increased their stakes in Bae Systems, with GAMMA Investing LLC boosting its position by 10,259.0% in the first quarter.
• The company's stock has seen analyst upgrades, with Jefferies Financial Group and Bank of America raising their ratings from "hold" to "buy", while the average analyst rating remains at "hold".

Bae Systems PLC (OTCMKTS:BAESY - Get Free Report) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 71,200 shares, a decline of 20.3% from the August 15th total of 89,300 shares. Based on an average trading volume of 700,200 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 700,200 shares, the days-to-cover ratio is presently 0.1 days.

Bae Systems Stock Down 0.6%

OTCMKTS BAESY traded down $0.64 during trading hours on Friday, hitting $106.00. The company had a trading volume of 199,198 shares, compared to its average volume of 324,624. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 0.65. The firm has a 50 day simple moving average of $99.02 and a 200 day simple moving average of $96.02. Bae Systems has a 52 week low of $56.19 and a 52 week high of $111.71.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BAESY. Bank of America upgraded Bae Systems from an "underperform" rating to a "buy" rating in a research report on Tuesday, June 10th. Kepler Capital Markets downgraded shares of Bae Systems from a "hold" rating to a "reduce" rating in a report on Monday, July 7th. The Goldman Sachs Group began coverage on shares of Bae Systems in a report on Friday. They issued a "buy" rating on the stock. Finally, Jefferies Financial Group raised shares of Bae Systems from a "hold" rating to a "buy" rating in a report on Friday, August 1st. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".

Institutional Trading of Bae Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in Bae Systems by 10,259.0% in the first quarter. GAMMA Investing LLC now owns 185,840 shares of the aerospace company's stock valued at $15,282,000 after acquiring an additional 184,046 shares during the last quarter. First Merchants Corp bought a new stake in shares of Bae Systems during the 1st quarter valued at about $4,598,000. L & S Advisors Inc bought a new position in shares of Bae Systems in the first quarter valued at approximately $1,078,000. Corient IA LLC purchased a new stake in Bae Systems in the 1st quarter worth approximately $805,000. Finally, HighPoint Advisor Group LLC acquired a new position in Bae Systems in the 1st quarter valued at $185,000. Institutional investors and hedge funds own 0.21% of the company's stock.

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.