Short Interest in BAE Systems plc (OTCMKTS:BAESF) Declines By 23.6%

BAE Systems plc (OTCMKTS:BAESF) saw a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 683,200 shares, a decline of 23.6% from the November 15th total of 894,800 shares. Based on an average trading volume of 21,300 shares, the short-interest ratio is currently 32.1 days.

BAE Systems Stock Performance

Shares of OTCMKTS:BAESF opened at $15.39 on Friday. BAE Systems has a one year low of $13.28 and a one year high of $18.26. The company has a 50 day moving average of $16.65 and a 200-day moving average of $16.89.

Institutional Investors Weigh In On BAE Systems

A hedge fund recently bought a new stake in BAE Systems stock. Eagle Bay Advisors LLC purchased a new position in shares of BAE Systems plc (OTCMKTS:BAESF) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,050 shares of the company’s stock, valued at approximately $34,000. Hedge funds and other institutional investors own 40.72% of the company’s stock.

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.