Bae Systems PLC (OTCMKTS:BAESY) Short Interest Update

Key Points

• Short interest surged 157.6% in March to 195,196 shares as of March 13, yet this represents roughly 0.0% of the company’s stock shorted and a very low short-interest ratio of 0.3 days based on average volume.
• BAESY is trading around $113.40 with a 50-day/200-day moving average of $113.77 and $104.03 respectively, and a 1‑year range of $76.01 to $126.00.
• Analyst consensus is a "Moderate Buy" (four Buys, three Holds), while institutional ownership is very low at about 0.21%, with only modest recent buying by several funds.

Bae Systems PLC (OTCMKTS:BAESY - Get Free Report) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 195,196 shares, a growth of 157.6% from the February 26th total of 75,774 shares. Approximately 0.0% of the company's stock are short sold. Based on an average trading volume of 771,021 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 771,021 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company's stock are short sold.

Bae Systems Stock Performance

BAESY opened at $113.40 on Wednesday. The company has a 50-day moving average of $113.77 and a 200-day moving average of $104.03. Bae Systems has a 1-year low of $76.01 and a 1-year 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.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Kepler Capital Markets upgraded Bae Systems from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 6th. Jefferies Financial Group restated a "hold" rating on shares of Bae Systems in a research note on Wednesday, February 18th. Finally, Sanford C. Bernstein downgraded Bae Systems from an "outperform" rating to a "market perform" rating in a report on Tuesday, January 6th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

Institutional Trading of Bae Systems

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hantz Financial Services Inc. lifted its stake in Bae Systems by 73.0% during the third quarter. Hantz Financial Services Inc. now owns 327 shares of the aerospace company's stock worth $36,000 after purchasing an additional 138 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Bae Systems by 9.0% during the fourth 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. Rhumbline Advisers raised its holdings in shares of Bae Systems by 2.9% during the second quarter. Rhumbline Advisers now owns 5,643 shares of the aerospace company's stock worth $593,000 after purchasing an additional 158 shares during the period. RNC Capital Management LLC lifted its position in shares of Bae Systems by 4.2% in the 4th quarter. RNC Capital Management LLC now owns 5,655 shares of the aerospace company's stock worth $525,000 after buying an additional 227 shares during the last quarter. Finally, Salomon & Ludwin LLC boosted its holdings in shares of Bae Systems by 3,150.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 260 shares of the aerospace company's stock valued at $29,000 after buying an additional 252 shares during the period. 0.21% of the stock is owned by institutional investors.

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.

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