Short Interest in The Boeing Company (NYSE:BA) Rises By 9.3%

The Boeing Company (NYSE:BA) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 11,820,000 shares, an increase of 9.3% from the May 15th total of 10,810,000 shares. Based on an average daily volume of 7,580,000 shares, the short-interest ratio is presently 1.6 days.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BA shares. Citigroup lowered their price target on shares of Boeing from $252.00 to $224.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. StockNews.com lowered shares of Boeing from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Argus lowered shares of Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Baird R W raised shares of Boeing to a “strong-buy” rating in a report on Monday, June 3rd. Finally, Melius reaffirmed a “hold” rating on shares of Boeing in a report on Monday, April 1st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $220.89.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors increased its stake in shares of Boeing by 35.5% in the 4th quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock worth $4,400,109,000 after acquiring an additional 4,425,964 shares in the last quarter. Jennison Associates LLC bought a new position in shares of Boeing in the 4th quarter worth about $960,397,000. Wellington Management Group LLP increased its stake in shares of Boeing by 563.9% in the 4th quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after acquiring an additional 2,921,043 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Boeing by 23.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after acquiring an additional 1,884,850 shares in the last quarter. Finally, Boston Partners increased its stake in shares of Boeing by 861.6% in the 4th quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer’s stock worth $467,338,000 after acquiring an additional 1,617,151 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Down 1.9 %

Shares of BA opened at $174.99 on Wednesday. The stock has a market capitalization of $107.42 billion, a P/E ratio of -49.29 and a beta of 1.55. The firm has a fifty day simple moving average of $177.31 and a two-hundred day simple moving average of $201.64. Boeing has a twelve month low of $159.70 and a twelve month high of $267.54.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, beating the consensus estimate of ($1.43) by $0.30. The firm had revenue of $16.57 billion for the quarter, compared to analysts’ expectations of $17.69 billion. Sell-side analysts expect that Boeing will post -1.48 EPS for the current fiscal year.

Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.