Bae Systems PLC (OTCMKTS:BAESY) Short Interest Update

Key Points

• Short interest in BAESY plunged 73.9% in April to 29,053 shares as of April 15, leaving about 0.0% of shares sold short and a days-to-cover ratio of just 0.1 days.
• Analysts give BAESY an average "Moderate Buy" (four Buys, three Holds) amid mixed recent moves, including Kepler upgrading to Hold and Sanford C. Bernstein cutting to Market Perform.
• The stock opened at $109.97 with 50‑day/200‑day moving averages of $118.42/$105.87 and a 12‑month range of $84.50–$126.00, while institutional ownership is very low at about 0.21%.

Bae Systems PLC (OTCMKTS:BAESY - Get Free Report) saw a large decrease in short interest in the month of April. As of April 15th, there was short interest totaling 29,053 shares, a decrease of 73.9% from the March 31st total of 111,331 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 381,448 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

BAESY has been the subject of a number of analyst reports. Kepler Capital Markets raised Bae Systems from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 6th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Bae Systems in a report on Wednesday, February 18th. Finally, Sanford C. Bernstein cut 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 issued a Hold rating to the company's stock. According to data from MarketBeat, Bae Systems presently has an average rating of "Moderate Buy".

Hedge Funds Weigh In On Bae Systems

A number of hedge funds have recently made changes to their positions in BAESY. 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 valued at $593,000 after acquiring an additional 158 shares during the last quarter. Salomon & Ludwin LLC raised its holdings in shares of Bae Systems by 3,150.0% during the third quarter. Salomon & Ludwin LLC now owns 260 shares of the aerospace company's stock valued at $29,000 after acquiring an additional 252 shares during the last quarter. First Merchants Corp raised its holdings in shares of Bae Systems by 4.8% during the third quarter. First Merchants Corp now owns 65,230 shares of the aerospace company's stock valued at $7,233,000 after acquiring an additional 2,978 shares during the last quarter. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Bae Systems during the third quarter valued at approximately $44,000. Finally, Hantz Financial Services Inc. raised its holdings in shares of Bae Systems by 73.0% during the third quarter. Hantz Financial Services Inc. now owns 327 shares of the aerospace company's stock valued at $36,000 after acquiring an additional 138 shares during the last quarter. Institutional investors and hedge funds own 0.21% of the company's stock.

Bae Systems Stock Performance

OTCMKTS BAESY opened at $109.97 on Friday. The stock has a 50-day moving average of $118.42 and a 200 day moving average of $105.87. Bae Systems has a twelve month low of $84.50 and a twelve month high of $126.00. The company has a quick ratio of 0.87, a current ratio of 0.99 and a debt-to-equity ratio of 0.60.

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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