BAE Systems plc (OTCMKTS:BAESY) Short Interest Update

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

BAE Systems Price Performance

Shares of OTCMKTS BAESY opened at $67.01 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.97 and a current ratio of 1.08. BAE Systems has a 12-month low of $46.19 and a 12-month high of $72.81. The firm’s 50-day moving average price is $69.46 and its 200-day moving average price is $65.03.

Institutional Trading of BAE Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new stake in BAE Systems in the 4th quarter worth about $81,000. SVB Wealth LLC raised its position in BAE Systems by 13.0% in 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 period. AdvisorShares Investments LLC purchased a new stake in BAE Systems in the 4th quarter worth about $699,000. Ramirez Asset Management Inc. purchased a new stake in BAE Systems in the 3rd quarter worth about $2,710,000. Finally, Equitable Trust Co. grew its stake in BAE Systems by 8.3% in the 4th quarter. Equitable Trust Co. now owns 57,326 shares of the aerospace company’s stock worth $3,246,000 after acquiring an additional 4,386 shares in the last quarter. 0.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.