Short Interest in BAE Systems plc (OTCMKTS:BAESY) Decreases By 36.0%

BAE Systems plc (OTCMKTS:BAESY) saw a large decrease in short interest in January. As of January 31st, there was short interest totalling 36,300 shares, a decrease of 36.0% from the January 15th total of 56,700 shares. Based on an average daily volume of 555,000 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Bank of America reissued an “underperform” rating on shares of BAE Systems in a research report on Friday, November 29th.

BAE Systems Stock Down 1.9 %

BAESY stock opened at $61.90 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.03 and a quick ratio of 0.91. BAE Systems has a 12-month low of $56.19 and a 12-month high of $72.81. The stock’s 50 day simple moving average is $59.50 and its 200 day simple moving average is $64.80.

Institutional Investors Weigh In On BAE Systems

Institutional investors and hedge funds have recently made changes to their positions in the company. Principal Street Partners LLC raised its position in shares of BAE Systems by 99.0% during the 3rd quarter. Principal Street Partners LLC now owns 17,628 shares of the aerospace company’s stock valued at $1,178,000 after acquiring an additional 8,769 shares in the last quarter. Nisa Investment Advisors LLC acquired a new stake in BAE Systems in the fourth quarter worth $26,000. Dorsey Wright & Associates increased its position in BAE Systems by 11.7% in the third quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company’s stock worth $3,775,000 after buying an additional 5,936 shares during the period. Altrius Capital Management Inc increased its position in BAE Systems by 2.3% in the third quarter. Altrius Capital Management Inc now owns 109,506 shares of the aerospace company’s stock worth $7,266,000 after buying an additional 2,470 shares during the period. Finally, Sit Investment Associates Inc. increased its position in BAE Systems by 4.3% in the fourth quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company’s stock worth $3,166,000 after buying an additional 2,285 shares during the period. 0.21% of the stock is owned by institutional investors and hedge funds.

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.