BAE Systems plc (OTCMKTS:BAESY) Short Interest Update

BAE Systems plc (OTCMKTS:BAESY) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totalling 200,900 shares, a decrease of 79.9% from the May 31st total of 999,200 shares. Based on an average daily volume of 375,500 shares, the short-interest ratio is presently 0.5 days.

BAE Systems Trading Down 0.2 %

Shares of BAESY stock traded down $0.16 during midday trading on Friday, reaching $66.85. 100,557 shares of the company traded hands, compared to its average volume of 237,436. The firm’s 50 day simple moving average is $69.53 and its two-hundred day simple moving average is $65.14. BAE Systems has a 1-year low of $46.19 and a 1-year high of $72.81. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.97.

Wall Street Analysts Forecast Growth

Separately, Bank of America lowered BAE Systems from a “buy” rating to a “neutral” rating in a research report on Monday, May 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $1,142.00.

Institutional Investors Weigh In On BAE Systems

A number of hedge funds and other institutional investors have recently modified their holdings of BAESY. GAMMA Investing LLC raised its position in shares of BAE Systems by 16.4% during the 1st quarter. GAMMA Investing LLC now owns 1,548 shares of the aerospace company’s stock worth $107,000 after purchasing an additional 218 shares during the last quarter. Equitable Trust Co. raised its position in shares of BAE Systems by 0.9% during the 1st quarter. Equitable Trust Co. now owns 57,841 shares of the aerospace company’s stock worth $3,944,000 after purchasing an additional 515 shares during the last quarter. SVB Wealth LLC raised its position in shares of BAE Systems by 13.0% during the 4th quarter. SVB Wealth LLC now owns 4,733 shares of the aerospace company’s stock worth $274,000 after purchasing an additional 546 shares during the last quarter. AdvisorShares Investments LLC acquired a new position in shares of BAE Systems during the 4th quarter worth approximately $699,000. Finally, Ramirez Asset Management Inc. acquired a new position in shares of BAE Systems during the 3rd quarter worth approximately $2,710,000. 0.21% of the stock is currently owned by institutional investors and hedge funds.

About BAE Systems

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.