BAE Systems plc (OTCMKTS:BAESF) Sees Large Growth in Short Interest

BAE Systems plc (OTCMKTS:BAESF) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 1,215,100 shares, a growth of 52.2% from the December 15th total of 798,100 shares. Based on an average daily volume of 85,100 shares, the days-to-cover ratio is currently 14.3 days.

BAE Systems Stock Performance

BAESF stock opened at $14.40 on Wednesday. BAE Systems has a 1-year low of $14.03 and a 1-year high of $18.26. The business has a fifty day moving average price of $15.60 and a 200-day moving average price of $16.40.

Institutional Trading of BAE Systems

A hedge fund recently bought a new stake in BAE Systems stock. Eagle Bay Advisors LLC acquired a new position in BAE Systems plc (OTCMKTS:BAESF) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,050 shares of the company’s stock, valued at approximately $34,000. Institutional investors and hedge funds 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.