BAE Systems plc (OTCMKTS:BAESY) Short Interest Update

BAE Systems plc (OTCMKTS:BAESY) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 8,400 shares, an increase of 7.7% from the September 30th total of 7,800 shares. Based on an average daily volume of 366,000 shares, the days-to-cover ratio is presently 0.0 days.

BAE Systems Trading Down 1.2 %

BAESY stock opened at $65.72 on Thursday. The company has a fifty day moving average price of $68.43 and a 200 day moving average price of $68.17. BAE Systems has a 12 month low of $51.72 and a 12 month high of $72.81.

BAE Systems Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, December 9th. Stockholders of record on Friday, October 25th will be issued a $0.6333 dividend. The ex-dividend date of this dividend is Friday, October 25th.

Institutional Investors Weigh In On BAE Systems

Several hedge funds have recently made changes to their positions in the business. Rhumbline Advisers raised its stake in BAE Systems by 29.3% during the 2nd quarter. Rhumbline Advisers now owns 4,593 shares of the aerospace company’s stock valued at $307,000 after acquiring an additional 1,042 shares during the last quarter. Atlas Capital Advisors LLC increased its holdings in shares of BAE Systems by 68.9% in the second quarter. Atlas Capital Advisors LLC now owns 4,044 shares of the aerospace company’s stock valued at $270,000 after purchasing an additional 1,650 shares during the period. GAMMA Investing LLC raised its stake in shares of BAE Systems by 20.8% during the second quarter. GAMMA Investing LLC now owns 1,870 shares of the aerospace company’s stock worth $125,000 after purchasing an additional 322 shares during the last quarter. Finally, Confluence Investment Management LLC acquired a new stake in shares of BAE Systems during the second quarter worth $682,000. Institutional investors and hedge funds own 0.21% of the company’s stock.

Analysts Set New Price Targets

Separately, Citigroup upgraded BAE Systems from a “neutral” rating to a “buy” rating in a research note on Monday, July 29th.

BAE Systems Company Profile

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.