BAE Systems plc (OTCMKTS:BAESY) Short Interest Up 226.5% in March

BAE Systems plc (OTCMKTS:BAESY) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 897,300 shares, a growth of 226.5% from the February 28th total of 274,800 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 2,100,600 shares, the short-interest ratio is currently 0.4 days.

BAE Systems Trading Down 0.6 %

Shares of BAE Systems stock opened at $82.35 on Thursday. BAE Systems has a 1-year low of $56.19 and a 1-year high of $89.03. The business’s fifty day moving average price is $70.88 and its two-hundred day moving average price is $66.81. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 0.72.

BAE Systems Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, April 22nd will be given a $1.0442 dividend. The ex-dividend date is Tuesday, April 22nd. This is a positive change from BAE Systems’s previous dividend of $0.63.

Institutional Trading of BAE Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in BAESY. Nisa Investment Advisors LLC bought a new position in shares of BAE Systems in the fourth quarter valued at approximately $26,000. Sit Investment Associates Inc. lifted 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 purchasing an additional 2,285 shares during the period. Dorsey Wright & Associates boosted its stake in BAE Systems by 11.7% during the 3rd quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company’s stock valued at $3,775,000 after purchasing an additional 5,936 shares in the last quarter. Ramirez Asset Management Inc. increased its position in shares of BAE Systems by 3.4% during the 4th quarter. Ramirez Asset Management Inc. now owns 67,760 shares of the aerospace company’s stock valued at $3,899,000 after purchasing an additional 2,211 shares during the period. Finally, Altrius Capital Management Inc lifted its holdings in shares of BAE Systems by 3.3% in the fourth quarter. Altrius Capital Management Inc now owns 113,168 shares of the aerospace company’s stock valued at $6,469,000 after buying an additional 3,662 shares during the period. 0.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on BAESY shares. Bank of America reissued an “underperform” rating on shares of BAE Systems in a report on Friday, November 29th. Berenberg Bank cut shares of BAE Systems from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 10th.

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.