Short Interest in CAE Inc. (NYSE:CAE) Rises By 8.0%

CAE Inc. (NYSE:CAE) (TSE:CAE) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 5,370,000 shares, an increase of 8.0% from the December 15th total of 4,970,000 shares. Based on an average trading volume of 500,300 shares, the short-interest ratio is currently 10.7 days. Approximately 1.7% of the company’s shares are short sold.

Institutional Investors Weigh In On CAE

Several institutional investors and hedge funds have recently modified their holdings of the stock. Cromwell Holdings LLC boosted its holdings in CAE by 103.4% in the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 915 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in shares of CAE during the third quarter valued at approximately $74,000. Allworth Financial LP raised its holdings in CAE by 26.1% in the 3rd quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company’s stock worth $120,000 after acquiring an additional 1,327 shares during the last quarter. US Bancorp DE lifted its position in CAE by 28.9% in the 3rd quarter. US Bancorp DE now owns 8,052 shares of the aerospace company’s stock valued at $151,000 after acquiring an additional 1,803 shares in the last quarter. Finally, Centiva Capital LP purchased a new stake in CAE during the 3rd quarter valued at $197,000. 67.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CAE. Desjardins upgraded CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. TD Securities cut shares of CAE from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Cibc World Mkts lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $25.00.

CAE Stock Up 0.3 %

CAE stock traded up $0.08 on Friday, reaching $24.14. The company’s stock had a trading volume of 241,308 shares, compared to its average volume of 315,874. The business has a fifty day simple moving average of $23.44 and a two-hundred day simple moving average of $19.98. CAE has a 12-month low of $15.95 and a 12-month high of $25.53. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.84.

About CAE

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.